Orla Mining Ltd. (TSE:OLA) Director Sells C$557,778.00 in Stock

Orla Mining Ltd. (TSE:OLA) Director Jean Robitaille sold 42,906 shares of the business’s stock in a transaction on 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 Price Performance

Shares of TSE OLA traded up C$0.10 during trading hours on Tuesday, reaching C$13.03. 524,155 shares of the stock traded hands, compared to its average volume of 635,585. The company’s 50-day simple moving average is C$10.22 and its two-hundred day simple moving average is C$7.95. The company has a market capitalization of C$2.95 billion, a P/E ratio of 278.51 and a beta of 1.57. Orla Mining Ltd. has a 52-week low of C$4.60 and a 52-week high of C$13.76. The company has a quick ratio of 1.22, a current ratio of 4.54 and a debt-to-equity ratio of 12.68.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Stifel Nicolaus set a C$15.50 price objective on Orla Mining and gave the company a “buy” rating in a research note on Wednesday, March 19th. Stifel Canada upgraded Orla Mining to a “strong-buy” rating in a research report on Wednesday, March 19th. Desjardins upped their price objective on shares of Orla Mining from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research report on Wednesday, March 19th. Scotiabank raised their target price on shares of Orla Mining from C$7.75 to C$8.75 in a research note on Wednesday, January 15th. Finally, CIBC boosted their price target on shares of Orla Mining from C$11.50 to C$13.75 and gave the stock an “outperform” rating in a research note on Wednesday, March 19th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$11.86.

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.