Orla Mining Ltd. (TSE:OLA) Director Sells 42,906 Shares

Orla Mining Ltd. (TSE:OLA) Director Jean Robitaille sold 42,906 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of C$13.00, for a total transaction of C$557,778.00.

Orla Mining Trading Up 0.8 %

OLA stock traded up C$0.10 on Tuesday, reaching C$13.03. The company’s stock had a trading volume of 524,155 shares, compared to its average volume of 635,585. The company has a debt-to-equity ratio of 12.68, a quick ratio of 1.22 and a current ratio of 4.54. The business has a fifty day simple moving average of C$10.22 and a two-hundred day simple moving average of C$7.95. The firm has a market cap of C$2.95 billion, a PE ratio of 278.51 and a beta of 1.57. Orla Mining Ltd. has a 12-month low of C$4.60 and a 12-month high of C$13.76.

Analyst Ratings Changes

OLA has been the subject of several analyst reports. Scotiabank increased their target price on Orla Mining from C$7.75 to C$8.75 in a report on Wednesday, January 15th. Cormark boosted their price objective on Orla Mining from C$10.00 to C$12.00 in a research report on Thursday, March 20th. Stifel Nicolaus set a C$15.50 target price on shares of Orla Mining and gave the stock a “buy” rating in a report on Wednesday, March 19th. CIBC increased their price target on shares of Orla Mining from C$11.50 to C$13.75 and gave the company an “outperform” rating in a research report on Wednesday, March 19th. Finally, Stifel Canada raised shares of Orla Mining to a “strong-buy” rating in a report on Wednesday, March 19th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$11.86.

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.