Orla Mining Ltd. (TSE:OLA) Director Sells C$193,257.37 in Stock

Orla Mining Ltd. (TSE:OLA) Director Charles A. Jeannes sold 15,023 shares of the business’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of C$12.86, for a total value of C$193,257.37.

Orla Mining Price Performance

Shares of OLA opened at C$13.36 on Friday. The firm has a market cap of C$3.03 billion, a PE ratio of 285.56 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 business’s 50 day moving average price is C$10.42 and its two-hundred day moving average price is C$8.05. The company has a debt-to-equity ratio of 12.68, a quick ratio of 1.22 and a current ratio of 4.54.

Analysts Set New Price Targets

A number of research firms have issued reports on OLA. Scotiabank boosted their price objective on shares of Orla Mining from C$7.75 to C$8.75 in a report on Wednesday, January 15th. TD Securities upgraded Orla Mining to a “hold” rating in a research report on Tuesday, February 4th. CIBC upped 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 report on Wednesday, March 19th. Cormark raised their price objective on shares of Orla Mining from C$10.00 to C$12.00 in a report on Thursday, March 20th. Finally, BMO Capital Markets raised their target price on Orla Mining from C$12.50 to C$14.50 in a research report on Thursday, March 20th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price 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.