Insider Selling: Orla Mining Ltd. (TSE:OLA) Senior Officer Sells C$1,007,110.00 in Stock

Orla Mining Ltd. (TSE:OLA) Senior Officer Etienne Morin sold 77,470 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of C$13.00, for a total transaction of C$1,007,110.00.

Orla Mining Trading Up 2.8 %

TSE OLA opened at C$13.36 on Friday. The stock has a market capitalization of C$3.03 billion, a P/E ratio of 285.56 and a beta of 1.57. The business has a 50 day simple moving average of C$10.42 and a 200 day simple moving average of C$8.05. The company has a debt-to-equity ratio of 12.68, a current ratio of 4.54 and a quick ratio of 1.22. Orla Mining Ltd. has a one year low of C$4.60 and a one year high of C$13.76.

Wall Street Analyst Weigh In

Several research firms recently commented on OLA. BMO Capital Markets lifted their target price on shares of Orla Mining from C$12.50 to C$14.50 in a research report on Thursday, March 20th. CIBC lifted their price target on shares of Orla Mining from C$11.50 to C$13.75 and gave the stock an “outperform” rating in a report on Wednesday, March 19th. Scotiabank lifted their target price on Orla Mining from C$7.75 to C$8.75 in a report on Wednesday, January 15th. Cormark upped their price target on Orla Mining from C$10.00 to C$12.00 in a research report on Thursday, March 20th. Finally, TD Securities raised Orla Mining to a “hold” rating in a research note on Tuesday, February 4th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus 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.