Etienne Morin Sells 77,470 Shares of Orla Mining Ltd. (TSE:OLA) Stock

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

Orla Mining Trading Down 0.3 %

Shares of OLA opened at C$12.99 on Thursday. The firm’s 50-day moving average is C$10.31 and its two-hundred day moving average is C$8.01. Orla Mining Ltd. has a twelve month low of C$4.60 and a twelve month high of C$13.76. The company has a current ratio of 4.54, a quick ratio of 1.22 and a debt-to-equity ratio of 12.68. The firm has a market capitalization of C$2.94 billion, a P/E ratio of 277.65 and a beta of 1.57.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Stifel Canada upgraded shares of Orla Mining to a “strong-buy” rating in a research report on Wednesday, March 19th. Scotiabank lifted their target price on shares of Orla Mining from C$7.75 to C$8.75 in a report on Wednesday, January 15th. TD Securities raised shares of Orla Mining to a “hold” rating in a report on Tuesday, February 4th. CIBC raised their price objective on shares of 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. Finally, Cormark boosted their target price on Orla Mining from C$10.00 to C$12.00 in a research report on Thursday, March 20th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price 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.