Paul Schmidt Sells 50,000 Shares of Orla Mining Ltd. (TSE:OLA) Stock

Orla Mining Ltd. (TSE:OLA) Senior Officer Paul Schmidt sold 50,000 shares of Orla Mining stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of C$13.19, for a total transaction of C$659,660.00.

Orla Mining Price Performance

Shares of TSE:OLA opened at C$13.36 on Friday. Orla Mining Ltd. has a twelve month low of C$4.60 and a twelve month high of C$13.76. The company has a current ratio of 4.54, a quick ratio of 1.22 and a debt-to-equity ratio of 12.68. The company has a market cap of C$3.03 billion, a PE ratio of 285.56 and a beta of 1.57. The company’s 50 day moving average is C$10.42 and its 200 day moving average is C$8.05.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on OLA shares. Scotiabank lifted their price target on shares of Orla Mining from C$7.75 to C$8.75 in a report on Wednesday, January 15th. CIBC boosted their target price on Orla Mining from C$11.50 to C$13.75 and gave the stock an “outperform” rating in a research note on Wednesday, March 19th. BMO Capital Markets increased their price target on Orla Mining from C$12.50 to C$14.50 in a research note on Thursday, March 20th. Desjardins boosted their price target on Orla Mining from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research note on Wednesday, March 19th. Finally, TD Securities raised shares of Orla Mining to a “hold” rating in a research report on Tuesday, February 4th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Orla Mining presently has an average rating of “Buy” and a consensus 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.