Jean Robitaille Sells 42,906 Shares of Orla Mining Ltd. (TSE:OLA) Stock

Orla Mining Ltd. (TSE:OLA) Director Jean Robitaille sold 42,906 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of C$13.00, for a total value of C$557,778.00.

Orla Mining Price Performance

TSE OLA opened at C$12.99 on Thursday. Orla Mining Ltd. has a 1 year low of C$4.60 and a 1 year high of C$13.76. The business’s fifty day moving average is C$10.31 and its two-hundred day moving average is C$8.01. The stock has a market capitalization of C$2.94 billion, a P/E ratio of 277.65 and a beta of 1.57. 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 subject of several research analyst reports. Stifel Canada raised shares of Orla Mining to a “strong-buy” rating in a report on Wednesday, March 19th. Desjardins increased their price objective on shares of Orla Mining from C$12.00 to C$13.00 and gave the company a “buy” rating in a report on Wednesday, March 19th. TD Securities raised Orla Mining to a “hold” rating in a report on Tuesday, February 4th. BMO Capital Markets increased their price target on Orla Mining from C$12.50 to C$14.50 in a research note on Thursday, March 20th. Finally, CIBC boosted 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. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Orla Mining has an average rating of “Buy” and an average price target 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.