Insider Selling: Orla Mining Ltd. (TSE:OLA) Director Sells 15,023 Shares of Stock

Orla Mining Ltd. (TSE:OLA) Director Charles A. Jeannes sold 15,023 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of C$12.86, for a total transaction of C$193,257.37.

Orla Mining Stock Performance

Shares of TSE OLA traded up C$0.10 during trading hours on Tuesday, reaching C$13.03. The stock had a trading volume of 524,155 shares, compared to its average volume of 635,585. The firm has a market cap of C$2.95 billion, a price-to-earnings ratio of 278.51 and a beta of 1.57. Orla Mining Ltd. has a fifty-two week low of C$4.60 and a fifty-two week high of C$13.76. The firm has a 50-day moving average of C$10.22 and a 200-day moving average of C$7.95. The company has a current ratio of 4.54, a quick ratio of 1.22 and a debt-to-equity ratio of 12.68.

Analyst Ratings Changes

OLA has been the topic of several recent analyst reports. CIBC increased their target price on Orla Mining from C$11.50 to C$13.75 and gave the company an “outperform” rating in a report on Wednesday, March 19th. Stifel Nicolaus set a C$15.50 price objective on Orla Mining and gave the stock a “buy” rating in a research report on Wednesday, March 19th. BMO Capital Markets raised their target price on Orla Mining from C$12.50 to C$14.50 in a research report on Thursday, March 20th. Stifel Canada raised Orla Mining to a “strong-buy” rating in a report on Wednesday, March 19th. Finally, Cormark raised their price objective on shares of Orla Mining from C$10.00 to C$12.00 in a report on Thursday, March 20th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus 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.