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

Orla Mining Ltd. (TSE:OLA) Director Jean Robitaille sold 42,906 shares of the 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 Stock Performance

Shares of TSE:OLA opened at C$13.03 on Wednesday. The stock has a market capitalization of C$2.95 billion, a price-to-earnings ratio of 278.51 and a beta of 1.57. The business’s fifty day moving average price is C$10.22 and its two-hundred day moving average price is C$7.95. Orla Mining Ltd. has a fifty-two week low of C$4.60 and a fifty-two week high of C$13.76. The company has a debt-to-equity ratio of 12.68, a current ratio of 4.54 and a quick ratio of 1.22.

Wall Street Analysts Forecast Growth

Several research firms have commented on OLA. TD Securities raised Orla Mining to a “hold” rating in a report on Tuesday, February 4th. 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. CIBC lifted 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. Desjardins increased their price objective on shares of Orla Mining from C$12.00 to C$13.00 and gave the company a “buy” rating in a research note on Wednesday, March 19th. Finally, Cormark lifted their target price on shares of Orla Mining from C$10.00 to C$12.00 in a research report on Thursday, March 20th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average 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.