Orla Mining Ltd. (TSE:OLA) Senior Officer Sylvain Guerard Sells 15,000 Shares

Orla Mining Ltd. (TSE:OLA) Senior Officer Sylvain Guerard sold 15,000 shares of Orla Mining stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of C$15.98, for a total value of C$239,668.50.

Orla Mining Stock Down 1.5%

Shares of TSE:OLA opened at C$15.47 on Wednesday. Orla Mining Ltd. has a 52 week low of C$4.60 and a 52 week high of C$16.98. 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 company’s fifty day moving average is C$14.65 and its 200-day moving average is C$11.45. The company has a market capitalization of C$3.51 billion, a PE ratio of 330.66 and a beta of 1.57.

Wall Street Analysts Forecast Growth

OLA has been the topic of a number of recent research reports. BMO Capital Markets lifted their price target on shares of Orla Mining from C$12.50 to C$14.50 in a research note on Thursday, March 20th. Stifel Nicolaus lifted their price target on shares of Orla Mining from C$15.50 to C$19.00 in a research note on Monday, April 21st. Stifel Canada upgraded shares of Orla Mining to a “strong-buy” rating in a research report on Wednesday, March 19th. Cormark lifted their target price on shares of Orla Mining from C$10.00 to C$12.00 in a research report on Thursday, March 20th. Finally, Royal Bank Of Canada lifted their price objective on Orla Mining from C$15.00 to C$18.00 in a report on Wednesday, June 4th. One equities research analyst has rated the stock with a hold rating, four have given 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$14.82.

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.