Orla Mining Ltd. (TSE:OLA – Get Free Report) Director Jean Robitaille sold 42,906 shares of Orla Mining stock in a transaction dated Monday, March 24th. The shares were sold at an average price of C$13.00, for a total value of C$557,778.00.
Orla Mining Stock Performance
Shares of Orla Mining stock opened at C$13.03 on Wednesday. The firm has a fifty day moving average of C$10.22 and a two-hundred day moving average of C$7.95. The company has a debt-to-equity ratio of 12.68, a quick ratio of 1.22 and a current ratio of 4.54. 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. Orla Mining Ltd. has a 52 week low of C$4.60 and a 52 week high of C$13.76.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on OLA. TD Securities raised shares of Orla Mining to a “hold” rating in a research note on Tuesday, February 4th. Stifel Canada raised shares of Orla Mining to a “strong-buy” rating in a report on Wednesday, March 19th. Desjardins upped their price objective 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. BMO Capital Markets lifted their target price on Orla Mining from C$12.50 to C$14.50 in a research note on Thursday, March 20th. Finally, Scotiabank upped their price target on Orla Mining from C$7.75 to C$8.75 in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Orla Mining has a consensus rating of “Buy” and an average target price 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.
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