Orla Mining Ltd. (TSE:OLA) Senior Officer Etienne Morin Sells 77,470 Shares

Orla Mining Ltd. (TSE:OLA) Senior Officer Etienne Morin sold 77,470 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of C$13.00, for a total value of C$1,007,110.00.

Orla Mining Stock Up 0.8 %

Shares of TSE OLA opened at C$13.03 on Wednesday. The firm has a 50 day moving average price of C$10.22 and a 200 day moving average price of C$7.95. 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 stock has a market cap 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.

Wall Street Analysts Forecast Growth

OLA has been the subject of several recent research reports. Stifel Nicolaus set a C$15.50 price objective on Orla Mining and gave the stock a “buy” rating in a report on Wednesday, March 19th. TD Securities raised shares of Orla Mining to a “hold” rating in a research note on Tuesday, February 4th. CIBC increased their price objective on shares of Orla Mining from C$11.50 to C$13.75 and gave the company an “outperform” rating in a report on Wednesday, March 19th. Desjardins lifted their target price on shares of Orla Mining from C$12.00 to C$13.00 and gave the stock a “buy” rating in a report on Wednesday, March 19th. Finally, BMO Capital Markets increased their price target on Orla Mining from C$12.50 to C$14.50 in a research note on Thursday, March 20th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus 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.