Insider Selling: Orla Mining Ltd. (TSE:OLA) Senior Officer Sells 77,470 Shares of Stock

Orla Mining Ltd. (TSE:OLA) Senior Officer Etienne Morin sold 77,470 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of C$13.00, for a total value of C$1,007,110.00.

Orla Mining Price Performance

Shares of TSE OLA opened at C$13.03 on Wednesday. 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 has a market capitalization of C$2.95 billion, a price-to-earnings ratio of 278.51 and a beta of 1.57. 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 50-day moving average of C$10.22 and a 200-day moving average of C$7.95.

Analysts Set New Price Targets

Several brokerages have recently issued reports on OLA. BMO Capital Markets increased their price objective on shares of Orla Mining from C$12.50 to C$14.50 in a research report on Thursday, March 20th. Desjardins increased their target price on Orla Mining from C$12.00 to C$13.00 and gave the stock a “buy” rating in a report on Wednesday, March 19th. Cormark lifted their price target on Orla Mining from C$10.00 to C$12.00 in a research note on Thursday, March 20th. CIBC upped their price objective on 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, 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. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Orla Mining presently has an average rating of “Buy” and an average 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.