Key Points
- Insider Ling Stephen sold 2,220 shares of Orla Mining on May 25 at an average price of C$17.38, trimming their holdings by 53.69%.
- Orla Mining shares were down 0.9% and opened at C$17.34, with the stock trading below both its 50-day and 200-day moving averages.
- The company recently declared a quarterly dividend of C$0.015 per share, while analysts remain positive with an average rating of Buy and a target price of C$31.06.
Orla Mining Ltd. (TSE:OLA - Get Free Report) insider Ling Stephen sold 2,220 shares of the company's stock in a transaction dated Monday, May 25th. The shares were sold at an average price of C$17.38, for a total value of C$38,583.60. Following the completion of the sale, the insider directly owned 1,915 shares of the company's stock, valued at approximately C$33,282.70. This trade represents a 53.69% decrease in their ownership of the stock.
Orla Mining Stock Down 0.9%
Shares of TSE OLA opened at C$17.34 on Wednesday. The stock has a market cap of C$6.00 billion, a PE ratio of 24.08 and a beta of 1.36. The company has a quick ratio of 1.22, a current ratio of 1.06 and a debt-to-equity ratio of 42.47. Orla Mining Ltd. has a 52-week low of C$12.67 and a 52-week high of C$29.99. The business has a 50-day moving average price of C$20.51 and a 200 day moving average price of C$20.79.
Orla Mining (TSE:OLA - Get Free Report) last posted its quarterly earnings data on Monday, May 11th. The company reported C$0.54 EPS for the quarter. The firm had revenue of C$526.76 million during the quarter. Orla Mining had a return on equity of 41.46% and a net margin of 19.60%. Equities research analysts forecast that Orla Mining Ltd. will post 0.3352878 earnings per share for the current year.
Orla Mining Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Tuesday, June 9th will be paid a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, May 26th. Orla Mining's dividend payout ratio is 2.08%.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on OLA. Desjardins set a C$35.00 price objective on Orla Mining and gave the company a "buy" rating in a research note on Thursday, April 23rd. Canadian Imperial Bank of Commerce raised their price objective on Orla Mining from C$27.00 to C$32.00 in a research note on Wednesday, February 4th. Stifel Nicolaus raised their price objective on Orla Mining from C$28.00 to C$35.00 in a research note on Tuesday, February 10th. ATB Cormark Capital Markets raised Orla Mining from a "hold" rating to a "moderate buy" rating and raised their price objective for the company from C$25.00 to C$35.00 in a research note on Monday, February 23rd. Finally, TD Securities raised Orla Mining from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average target price of C$31.06.
View Our Latest Analysis on Orla Mining
Orla Mining Company Profile
(
Get Free Report)
Orla Mining Ltd is a mineral exploration company. It is engaged in the acquisition and exploration of mineral properties. The company holds two gold projects; the Camino Rojo gold and silver project in Zacatecas State, Mexico, and the Cerro Quema gold project in Panama. It conducts business activities in the geographic areas of Mexico, Panama, the United States, and Canada.
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