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 company’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 value 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 shares were sold at an average price of C$13.00, for a total value of C$557,778.00.

Orla Mining Stock Down 1.9 %

Shares of OLA opened at C$13.10 on Friday. The company 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 200-day moving average price is C$8.10. The company has a quick ratio of 1.22, a current ratio of 4.54 and a debt-to-equity ratio of 12.68.

Analyst Upgrades and Downgrades

OLA has been the subject of several research analyst reports. CIBC lifted their target price on Orla Mining from C$11.50 to C$13.75 and gave the stock an “outperform” rating in a research report on Wednesday, March 19th. Stifel Nicolaus set a C$15.50 price objective on shares of Orla Mining and gave the company a “buy” rating in a research report on Wednesday, March 19th. Stifel Canada upgraded shares of Orla Mining to a “strong-buy” rating in a research note on Wednesday, March 19th. Scotiabank lifted their price target on shares of Orla Mining from C$7.75 to C$8.75 in a research note on Wednesday, January 15th. Finally, TD Securities raised Orla Mining to a “hold” rating in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Orla Mining currently has a consensus rating of “Buy” and a consensus price target 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.