Insider Selling: Orla Mining Ltd. (TSE:OLA) Senior Officer Sells 77,470 Shares of Stock

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

Orla Mining Trading Up 0.8 %

OLA stock traded up C$0.10 during midday trading on Tuesday, hitting C$13.03. The stock had a trading volume of 524,155 shares, compared to its average volume of 635,585. The company’s 50-day moving average price is C$10.22 and its 200 day moving average price is C$7.95. The company has a debt-to-equity ratio of 12.68, a current ratio of 4.54 and a quick ratio of 1.22. 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.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. CIBC lifted their target price on shares of Orla Mining from C$11.50 to C$13.75 and gave the stock an “outperform” rating in a research report on Wednesday, March 19th. TD Securities upgraded Orla Mining to a “hold” rating in a research report on Tuesday, February 4th. Stifel Nicolaus set a C$15.50 target price on Orla Mining and gave the company a “buy” rating in a research note on Wednesday, March 19th. Scotiabank raised their price target on Orla Mining from C$7.75 to C$8.75 in a research report on Wednesday, January 15th. Finally, Desjardins upped their price objective on Orla Mining from C$12.00 to C$13.00 and gave the company a “buy” rating in a research report on Wednesday, March 19th. One research 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average 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.