Orla Mining (TSE:OLA) Trading Down 1.5% - Should You Sell?

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)'s stock price fell 1.5% on Monday . The stock traded as low as C$15.97 and last traded at C$15.99. 403,764 shares changed hands during trading, a decline of 37% from the average session volume of 645,661 shares. The stock had previously closed at C$16.23.

Wall Street Analyst Weigh In

Several research firms have weighed in on OLA. Stifel Nicolaus lowered their target price on Orla Mining from C$19.00 to C$18.50 and set a "buy" rating on the stock in a research note on Wednesday, August 6th. Royal Bank Of Canada lifted their target price on Orla Mining from C$15.00 to C$18.00 in a research note on Wednesday, June 4th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Orla Mining presently has a consensus rating of "Buy" and a consensus price target of C$14.75.

Orla Mining Trading Up 0.8%

The firm has a market cap of C$5.21 billion, a P/E ratio of 228.29 and a beta of 0.07. The company has a 50 day moving average of C$14.70 and a 200 day moving average of C$14.06. The company has a debt-to-equity ratio of 12.68, a quick ratio of 1.22 and a current ratio of 4.54.

Insider Transactions at Orla Mining

In other news, Director David Andrew Stephens sold 7,500 shares of the company's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of C$15.47, for a total transaction of C$116,025.75. Also, Senior Officer Sylvain Guerard sold 15,000 shares of the company's stock in a transaction on Monday, June 16th. The shares were sold at an average price of C$15.98, for a total value of C$239,668.50. Insiders sold a total of 32,500 shares of company stock worth $510,758 over the last three months. 51.68% of the stock is currently owned by insiders.

About Orla Mining

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.