Etienne Morin Sells 20,000 Shares of Orla Mining Ltd. (TSE:OLA) Stock

Orla Mining Ltd. (TSE:OLA) Senior Officer Etienne Morin sold 20,000 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of C$5.86, for a total transaction of C$117,178.00.

Orla Mining Trading Down 0.9 %

OLA stock opened at C$5.81 on Wednesday. Orla Mining Ltd. has a one year low of C$3.53 and a one year high of C$6.52. The company has a market capitalization of C$1.86 billion, a PE ratio of -116.60 and a beta of 1.59. The company’s 50 day moving average price is C$5.32 and its two-hundred day moving average price is C$5.26. The company has a debt-to-equity ratio of 17.76, a quick ratio of 1.22 and a current ratio of 5.89.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. CIBC boosted their target price on Orla Mining from C$7.25 to C$7.50 in a research report on Wednesday, July 10th. Scotiabank cut shares of Orla Mining from an “outperform” rating to a “sector perform” rating and set a C$5.75 price objective on the stock. in a research report on Thursday, May 23rd. Stifel Nicolaus lifted their target price on shares of Orla Mining from C$6.00 to C$6.25 and gave the company a “buy” rating in a research report on Wednesday, May 15th. TD Securities decreased their price target on shares of Orla Mining from C$6.00 to C$5.50 and set a “hold” rating on the stock in a report on Wednesday, May 15th. Finally, Desjardins lifted their price objective on shares of Orla Mining from C$6.75 to C$7.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$6.31.

About Orla Mining

Orla Mining Ltd. acquires, explores, develops, and exploits 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; Cerro Quema project totaling an area of 15,000 hectares located in the Azuero Peninsula, Panama; and the South Railroad project consisting of an area of 21,000 hectares located in Elko, Nevada.