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 company’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of C$12.86, for a total transaction of C$193,257.37.

Orla Mining Price Performance

OLA stock traded up C$0.10 on Tuesday, reaching C$13.03. 524,155 shares of the company’s stock were exchanged, compared to its average volume of 635,585. The stock has a fifty day moving average of C$10.22 and a 200-day moving average of C$7.95. The firm has a market cap of C$2.95 billion, a PE ratio of 278.51 and a beta of 1.57. The company has a quick ratio of 1.22, a current ratio of 4.54 and a debt-to-equity ratio of 12.68. Orla Mining Ltd. has a twelve month low of C$4.60 and a twelve month high of C$13.76.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on OLA. TD Securities upgraded Orla Mining to a “hold” rating in a research report on Tuesday, February 4th. Cormark upped their price target on Orla Mining from C$10.00 to C$12.00 in a research note on Thursday, March 20th. Desjardins lifted 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 report on Wednesday, March 19th. Stifel Canada upgraded shares of Orla Mining to a “strong-buy” rating in a research report on Wednesday, March 19th. Finally, CIBC raised 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 note on Wednesday, March 19th. One equities 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 company. According to data from MarketBeat.com, the company currently has a consensus 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.