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

Orla Mining Ltd. (TSE:OLA) Director Jean Robitaille sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of C$13.25, for a total transaction 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 Trading Down 1.9 %

TSE OLA opened at C$13.10 on Monday. The stock has a market capitalization of C$2.97 billion, a price-to-earnings ratio of 280.00 and a beta of 1.57. Orla Mining Ltd. has a 52 week low of C$4.60 and a 52 week high of C$13.76. The stock’s 50 day moving average price is C$10.51 and its two-hundred day moving average price is C$8.12. The company has a debt-to-equity ratio of 12.68, a quick ratio of 1.22 and a current ratio of 4.54.

Analyst Ratings Changes

OLA has been the topic of several research analyst reports. TD Securities raised Orla Mining to a “hold” rating in a research note on Tuesday, February 4th. Cormark lifted their price objective on Orla Mining from C$10.00 to C$12.00 in a report on Thursday, March 20th. CIBC boosted their price objective on Orla Mining from C$11.50 to C$13.75 and gave the company an “outperform” rating in a research report on Wednesday, March 19th. Scotiabank raised their target price on shares of Orla Mining from C$7.75 to C$8.75 in a report on Wednesday, January 15th. Finally, Stifel Nicolaus set a C$15.50 price target on shares of Orla Mining and gave the company a “buy” rating in a report on Wednesday, March 19th. 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 stock. Based on data from MarketBeat.com, Orla Mining 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.