Orla Mining (TSE:OLA) Stock Price Down 1.5% - Here's Why

Key Points

• Orla Mining's stock price fell by 1.5% to C$15.99 during mid-day trading, with a trading volume decrease of 37% compared to its average.
• Analyst ratings are mixed, with target prices ranging from C$14.75 to C$19.00, and a consensus rating of "Buy" on the stock.
• Insiders have sold a total of 32,500 shares valued at approximately $510,758 over the last 90 days, indicating potential concerns about the company's stock performance.

Orla Mining Ltd. (TSE:OLA - Get Free Report) shares were down 1.5% during mid-day trading on Monday . The stock traded as low as C$15.97 and last traded at C$15.99. Approximately 403,764 shares changed hands during mid-day trading, a decline of 37% from the average daily volume of 645,661 shares. The stock had previously closed at C$16.23.

Analyst Ratings Changes

Several equities research analysts recently issued reports on OLA shares. Stifel Nicolaus decreased their target price on shares of Orla Mining from C$19.00 to C$18.50 and set a "buy" rating on the stock in a research report on Wednesday, August 6th. Royal Bank Of Canada raised their price target on shares of Orla Mining from C$15.00 to C$18.00 in a report on Wednesday, June 4th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of C$14.75.

Orla Mining Price Performance

The company has a debt-to-equity ratio of 12.68, a current ratio of 4.54 and a quick ratio of 1.22. The company's 50-day simple moving average is C$14.54 and its 200-day simple moving average is C$13.93. The company has a market cap of C$5.21 billion, a price-to-earnings ratio of 228.43 and a beta of 0.07.

Insider Buying and Selling at Orla Mining

In other Orla Mining news, Director David Andrew Stephens sold 7,500 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of C$15.47, for a total value of C$116,025.75. Also, Senior Officer Etienne Morin sold 10,000 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of C$15.51, for a total transaction of C$155,064.00. Insiders sold 32,500 shares of company stock valued at $510,758 over the last 90 days. 51.68% of the stock is owned by corporate insiders.

Orla Mining Company Profile

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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