John Andrew Cormier Sells 10,600 Shares of Orla Mining Ltd. (TSE:OLA) Stock

Orla Mining Ltd. (TSE:OLA) Senior Officer John Andrew Cormier sold 10,600 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of C$5.85, for a total value of C$62,010.00.

John Andrew Cormier also recently made the following trade(s):

• On Friday, May 17th, John Andrew Cormier sold 35,000 shares of Orla Mining stock. The shares were sold at an average price of C$5.93, for a total value of C$207,438.00.
• On Wednesday, March 27th, John Andrew Cormier sold 5,531 shares of Orla Mining stock. The shares were sold at an average price of C$5.05, for a total value of C$27,931.55.

Orla Mining Stock Up 2.9 %

Shares of TSE:OLA opened at C$5.67 on Friday. The company has a quick ratio of 1.22, a current ratio of 5.68 and a debt-to-equity ratio of 21.76. Orla Mining Ltd. has a 52-week low of C$3.53 and a 52-week high of C$6.52. The stock’s fifty day simple moving average is C$5.36 and its 200-day simple moving average is C$4.73. The company has a market capitalization of C$1.80 billion, a P/E ratio of -47.25 and a beta of 1.59.

Orla Mining (TSE:OLA) last issued its quarterly earnings data on Tuesday, March 19th. The company reported C$0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.05 by C$0.02. The business had revenue of C$85.70 million for the quarter. Orla Mining had a negative return on equity of 5.47% and a negative net margin of 9.11%. As a group, equities research analysts forecast that Orla Mining Ltd. will post 0.2189915 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on OLA shares. Desjardins lifted their price target on Orla Mining from C$6.75 to C$7.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. Scotiabank downgraded Orla Mining from an “outperform” rating to a “sector perform” rating and set a C$5.75 price target on the stock. in a research note on Thursday. TD Securities decreased their price target on Orla Mining from C$6.00 to C$5.50 and set a “hold” rating on the stock in a research note on Wednesday, May 15th. Finally, Stifel Nicolaus boosted their target price on Orla Mining from C$6.00 to C$6.25 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Orla Mining currently has a consensus rating of “Moderate Buy” and an average price target of C$6.28.

Orla Mining Company Profile

Orla Mining Ltd. acquires, explores, develops, and exploits mineral properties. The company explores for gold, silver, zinc, lead, and copper deposits. It owns 100% interests in the Camino Rojo project that consists of seven concessions covering an area of 138,636 hectares located in Zacatecas, Mexico; Cerro Quema project totaling an area of 15,000 hectares located in the Azuero Peninsula, Panama; and the South Railroad project consisting of an area of 21,000 hectares located in Elko, Nevada.