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

Orla Mining Ltd. (TSE:OLA) Director Jean Robitaille sold 200,000 shares of the company’s stock in a transaction on 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 %

Orla Mining stock opened at C$13.10 on Friday. Orla Mining Ltd. has a twelve month low of C$4.60 and a twelve month high of C$13.76. The business has a fifty day moving average of C$10.51 and a two-hundred day moving average of C$8.08. The firm has a market cap of C$2.97 billion, a P/E ratio of 280.00 and a beta of 1.57. The company has a quick ratio of 1.22, a current ratio of 4.54 and a debt-to-equity ratio of 12.68.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus set a C$15.50 price objective on shares of Orla Mining and gave the company a “buy” rating in a report on Wednesday, March 19th. Cormark lifted their price target on shares of Orla Mining from C$10.00 to C$12.00 in a research note on Thursday, March 20th. CIBC increased their price objective 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. TD Securities upgraded Orla Mining to a “hold” rating in a report on Tuesday, February 4th. Finally, BMO Capital Markets upped their target price on Orla Mining from C$12.50 to C$14.50 in a report on Thursday, March 20th. One investment 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus 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.