Jean Robitaille Sells 200,000 Shares of Orla Mining Ltd. (TSE:OLA) Stock

Orla Mining Ltd. (TSE:OLA) Director Jean Robitaille sold 200,000 shares of Orla Mining stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of C$13.25, for a total value of C$2,650,000.00.

Jean Robitaille also recently made the following trade(s):

• On Monday, March 24th, Jean Robitaille sold 42,906 shares of Orla Mining stock. The stock was sold at an average price of C$13.00, for a total transaction of C$557,778.00.

Orla Mining Stock Down 1.9 %

Shares of TSE OLA opened at C$13.10 on Friday. The company has a current ratio of 4.54, a quick ratio of 1.22 and a debt-to-equity ratio of 12.68. Orla Mining Ltd. has a 12-month low of C$4.60 and a 12-month high of C$13.76. The firm’s 50-day moving average price is C$10.51 and its 200-day moving average price is C$8.10. The stock has a market capitalization of C$2.97 billion, a price-to-earnings ratio of 280.00 and a beta of 1.57.

Wall Street Analyst Weigh In

Several brokerages have recently commented on OLA. Stifel Nicolaus set a C$15.50 price objective on Orla Mining and gave the company a “buy” rating in a research report on Wednesday, March 19th. Cormark upped their price target on Orla Mining from C$10.00 to C$12.00 in a research note on Thursday, March 20th. BMO Capital Markets lifted their price objective on shares of Orla Mining from C$12.50 to C$14.50 in a research report on Thursday, March 20th. Scotiabank upped their target price on shares of Orla Mining from C$7.75 to C$8.75 in a research report on Wednesday, January 15th. Finally, TD Securities upgraded shares of Orla Mining to a “hold” rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price 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.