Orla Mining Ltd. (TSE:OLA) Senior Officer Sells C$27,931.55 in Stock

Orla Mining Ltd. (TSE:OLA) Senior Officer John Andrew Cormier sold 5,531 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of C$5.05, for a total value of C$27,931.55.

Orla Mining Stock Up 2.0 %

TSE OLA traded up C$0.10 during trading hours on Thursday, hitting C$5.13. The company had a trading volume of 176,655 shares, compared to its average volume of 790,317. Orla Mining Ltd. has a fifty-two week low of C$3.53 and a fifty-two week high of C$6.71. The company has a market capitalization of C$1.62 billion, a price-to-earnings ratio of -41.92 and a beta of 1.56. The company has a debt-to-equity ratio of 22.78, a current ratio of 5.07 and a quick ratio of 1.22. The firm’s 50 day moving average is C$4.74 and its 200 day moving average is C$4.57.

Analysts Set New Price Targets

A number of research firms have weighed in on OLA. Stifel Nicolaus decreased their price objective on Orla Mining from C$6.50 to C$5.25 and set a “buy” rating for the company in a research report on Thursday, December 21st. BMO Capital Markets reduced their price target on Orla Mining from C$8.00 to C$7.50 and set an “outperform” rating for the company in a report on Tuesday, December 19th. Royal Bank of Canada set a C$6.00 price target on Orla Mining and gave the company an “outperform” rating in a report on Friday, December 15th. TD Securities lowered shares of Orla Mining from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$5.50 to C$4.50 in a research report on Monday, December 11th. Finally, Desjardins cut their target price on shares of Orla Mining from C$7.25 to C$6.50 and set a “buy” rating for the company in a research report on Wednesday, January 17th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$6.09.

About Orla Mining

Orla Mining Ltd. acquires, explores, operates, and develops mineral properties. The company explores for gold, silver, zinc, lead, and copper deposits. It owns 100% interests in the Camino Rojo project that consists of seven concessions covering an area of 138,636 hectares located in Zacatecas, Mexico; and Cerro Quema project totaling an area of 14,893 hectares located in the Azuero Peninsula, Panama.