Insider Selling: Orla Mining Ltd. (TSE:OLA) Director Sells 200,000 Shares of Stock

Orla Mining Ltd. (TSE:OLA) Director Jean Robitaille sold 200,000 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of C$13.25, for a total transaction of C$2,650,000.00.

Jean Robitaille also recently made the following trade(s):

• On Monday, March 24th, Jean Robitaille sold 42,906 shares of Orla Mining stock. 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 OLA traded down C$0.16 during mid-day trading on Friday, hitting C$13.20. The stock had a trading volume of 475,579 shares, compared to its average volume of 628,071. 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 debt-to-equity ratio of 12.68, a current ratio of 4.54 and a quick ratio of 1.22. The business has a fifty day moving average price of C$10.42 and a 200-day moving average price of C$8.05. The firm has a market cap of C$2.99 billion, a P/E ratio of 282.14 and a beta of 1.57.

Analysts Set New Price Targets

Several research firms have issued reports on OLA. Scotiabank raised their price target on shares of Orla Mining from C$7.75 to C$8.75 in a report on Wednesday, January 15th. TD Securities raised 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 report on Wednesday, March 19th. Stifel Canada upgraded Orla Mining to a “strong-buy” rating in a report on Wednesday, March 19th. Finally, CIBC increased their price target on Orla Mining from C$11.50 to C$13.75 and gave the stock an “outperform” rating in a report on Wednesday, March 19th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$11.86.

About Orla Mining

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.