Orla Mining Ltd. (TSE:OLA) Director Sells C$557,778.00 in Stock

Orla Mining Ltd. (TSE:OLA - Get Free Report) Director Jean Robitaille sold 42,906 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of C$13.00, for a total transaction of C$557,778.00.

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

• On Thursday, March 27th, Jean Robitaille sold 200,000 shares of Orla Mining stock. The stock was sold at an average price of C$13.25, for a total transaction of C$2,650,000.00.

Orla Mining Price Performance

TSE OLA traded down C$0.26 during trading on Friday, hitting C$13.10. 670,776 shares of the company's stock were exchanged, compared to its average volume of 631,939. The company has a market cap of C$2.97 billion, a PE ratio of 280.00 and a beta of 1.57. The company has a current ratio of 4.54, a quick ratio of 1.22 and a debt-to-equity ratio of 12.68. Orla Mining Ltd. has a fifty-two week low of C$4.60 and a fifty-two week high of C$13.76. The stock's 50 day moving average price is C$10.51 and its two-hundred day moving average price is C$8.08.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on OLA. Scotiabank increased their price target on Orla Mining from C$7.75 to C$8.75 in a research report on Wednesday, January 15th. Cormark upped their target price on Orla Mining from C$10.00 to C$12.00 in a research report on Thursday, March 20th. Stifel Canada upgraded Orla Mining to a "strong-buy" rating in a research report on Wednesday, March 19th. CIBC upped their price objective 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. Finally, TD Securities raised shares of Orla Mining to a "hold" rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of C$11.86.

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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.