Orla Mining Ltd. (TSE:OLA) Senior Officer Sells C$659,660.00 in Stock

Orla Mining Ltd. (TSE:OLA) Senior Officer Paul Schmidt sold 50,000 shares of Orla Mining stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of C$13.19, for a total transaction of C$659,660.00.

Orla Mining Stock Up 0.9 %

Orla Mining stock traded up C$0.12 during trading on Thursday, hitting C$13.11. 391,141 shares of the company were exchanged, compared to its average volume of 627,738. The company has a market capitalization of C$2.97 billion, a P/E ratio of 280.22 and a beta of 1.57. The business’s 50 day moving average is C$10.31 and its 200 day moving average is C$8.01. Orla Mining Ltd. has a 52 week low of C$4.60 and a 52 week high of C$13.76. The company has a current ratio of 4.54, a quick ratio of 1.22 and a debt-to-equity ratio of 12.68.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. CIBC upped their target price on Orla Mining from C$11.50 to C$13.75 and gave the company an “outperform” rating in a research report on Wednesday, March 19th. Cormark increased their price target on Orla Mining from C$10.00 to C$12.00 in a report on Thursday, March 20th. Stifel Nicolaus set a C$15.50 price objective on shares of Orla Mining and gave the company a “buy” rating in a research note on Wednesday, March 19th. Desjardins increased 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 research note on Wednesday, March 19th. Finally, TD Securities upgraded shares of Orla Mining to a “hold” rating in a report on Tuesday, February 4th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus 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.