Insider Selling: Orla Mining Ltd. (TSE:OLA) Director Sells C$557,778.00 in Stock

Orla Mining Ltd. (TSE:OLA) Director Jean Robitaille sold 42,906 shares of Orla Mining stock in a transaction on 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 Price Performance

Shares of OLA opened at C$13.36 on Friday. The company has a market cap of C$3.03 billion, a P/E ratio of 285.56 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 company has a quick ratio of 1.22, a current ratio of 4.54 and a debt-to-equity ratio of 12.68. The firm’s 50 day moving average price is C$10.42 and its 200 day moving average price is C$8.05.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on OLA. CIBC boosted their price objective on shares of Orla Mining from C$11.50 to C$13.75 and gave the company an “outperform” rating in a report on Wednesday, March 19th. Cormark boosted their price target on shares of Orla Mining from C$10.00 to C$12.00 in a research note on Thursday, March 20th. Scotiabank increased their price objective on shares of Orla Mining from C$7.75 to C$8.75 in a research report on Wednesday, January 15th. Stifel Nicolaus set a C$15.50 target price on shares of Orla Mining and gave the company a “buy” rating in a report on Wednesday, March 19th. Finally, TD Securities upgraded Orla Mining to a “hold” rating in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Orla Mining presently has an average 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.