John Andrew Cormier Sells 20,800 Shares of Orla Mining Ltd. (TSE:OLA) Stock

Orla Mining Ltd. (TSE:OLAGet Free Report) Senior Officer John Andrew Cormier sold 20,800 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of C$5.64, for a total transaction of C$117,222.56.

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

  • On Wednesday, May 22nd, John Andrew Cormier sold 10,600 shares of Orla Mining stock. The shares were sold at an average price of C$5.85, for a total transaction of C$62,010.00.
  • On Friday, May 17th, John Andrew Cormier sold 35,000 shares of Orla Mining stock. The stock was sold at an average price of C$5.93, for a total transaction of C$207,438.00.
  • On Wednesday, March 27th, John Andrew Cormier sold 5,531 shares of Orla Mining stock. The stock was sold at an average price of C$5.05, for a total value of C$27,931.55.

Orla Mining Trading Up 2.9 %

Shares of TSE OLA opened at C$5.67 on Monday. The company has a market cap of C$1.80 billion, a PE ratio of -47.25 and a beta of 1.59. The company has a debt-to-equity ratio of 21.76, a quick ratio of 1.22 and a current ratio of 5.68. The firm’s 50 day moving average price is C$5.36 and its 200-day moving average price is C$4.74. Orla Mining Ltd. has a 52-week low of C$3.53 and a 52-week high of C$6.52.

Orla Mining (TSE:OLAGet Free Report) last issued its earnings results on Tuesday, March 19th. The company reported C$0.07 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%. On average, equities research analysts expect that Orla Mining Ltd. will post 0.2189915 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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About Orla Mining

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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.

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