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

Orla Mining Ltd. (TSE:OLA) Director Jean Robitaille sold 200,000 shares of Orla Mining stock in a transaction on Thursday, March 27th. The stock was 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 value of C$557,778.00.

Orla Mining Price Performance

Shares of TSE:OLA opened at C$13.10 on Friday. The company has a current ratio of 4.54, a quick ratio of 1.22 and a debt-to-equity ratio of 12.68. Orla Mining Ltd. has a twelve month low of C$4.60 and a twelve month high of C$13.76. The company’s 50 day moving average is C$10.51 and its 200 day moving average is C$8.08. The company has a market cap of C$2.97 billion, a PE ratio of 280.00 and a beta of 1.57.

Wall Street Analyst Weigh In

A number of research firms have commented on OLA. 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. Cormark increased their price objective on shares of Orla Mining from C$10.00 to C$12.00 in a research report on Thursday, March 20th. Stifel Nicolaus set a C$15.50 target price on shares of Orla Mining and gave the stock a “buy” rating in a research report on Wednesday, March 19th. Stifel Canada raised shares of Orla Mining to a “strong-buy” rating in a report on Wednesday, March 19th. Finally, Scotiabank boosted their price objective on shares of Orla Mining from C$7.75 to C$8.75 in a report on Wednesday, January 15th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Orla Mining presently 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.