Orla Mining Ltd. (TSE:OLA) Director Sells C$193,257.37 in Stock

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

Orla Mining Stock Up 2.8 %

OLA stock 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 quick ratio of 1.22, a current ratio of 4.54 and a debt-to-equity ratio of 12.68. The business has a 50 day moving average price of C$10.42 and a two-hundred day moving average price of C$8.05. The company has a market cap of C$3.03 billion, a price-to-earnings ratio of 285.56 and a beta of 1.57.

Analyst Upgrades and Downgrades

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