Orla Mining Ltd. (TSE:OLA) Senior Officer John Andrew Cormier Sells 5,531 Shares

Orla Mining Ltd. (TSE:OLA) Senior Officer John Andrew Cormier sold 5,531 shares of Orla Mining stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of C$5.05, for a total transaction of C$27,931.55.

Orla Mining Stock Up 2.0 %

Shares of TSE OLA traded up C$0.10 during trading on Thursday, hitting C$5.13. The stock had a trading volume of 176,655 shares, compared to its average volume of 790,317. The company has a market capitalization of C$1.62 billion, a PE ratio of -41.92 and a beta of 1.56. The firm has a fifty day moving average of C$4.74 and a two-hundred day moving average of C$4.57. The company has a debt-to-equity ratio of 22.78, a current ratio of 5.07 and a quick ratio of 1.22. Orla Mining Ltd. has a 12 month low of C$3.53 and a 12 month high of C$6.71.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Royal Bank of Canada set a C$6.00 price objective on shares of Orla Mining and gave the company an “outperform” rating in a research note on Friday, December 15th. Desjardins lowered their price objective on shares of Orla Mining from C$7.25 to C$6.50 and set a “buy” rating for the company in a research note on Wednesday, January 17th. BMO Capital Markets lowered their price objective on shares of Orla Mining from C$8.00 to C$7.50 and set an “outperform” rating for the company in a research note on Tuesday, December 19th. Stifel Nicolaus decreased their price target on shares of Orla Mining from C$6.50 to C$5.25 and set a “buy” rating for the company in a research note on Thursday, December 21st. Finally, TD Securities lowered shares of Orla Mining from a “buy” rating to a “hold” rating and decreased their price target for the company from C$5.50 to C$4.50 in a research note on Monday, December 11th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$6.09.

About Orla Mining

Orla Mining Ltd. acquires, explores, operates, and develops mineral properties. The company explores for gold, silver, zinc, lead, and copper deposits. It owns 100% interests in the Camino Rojo project that consists of seven concessions covering an area of 138,636 hectares located in Zacatecas, Mexico; and Cerro Quema project totaling an area of 14,893 hectares located in the Azuero Peninsula, Panama.