Insider Selling: Orla Mining Ltd. (TSE:OLA) Director Sells C$2,650,000.00 in Stock

Orla Mining Ltd. (TSE:OLA) Director Jean Robitaille sold 200,000 shares of the firm’s stock in a transaction that occurred 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 Stock Down 1.9 %

Shares of TSE OLA opened at C$13.10 on Monday. 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$2.97 billion, a PE ratio of 280.00 and a beta of 1.57. The firm’s 50-day moving average is C$10.51 and its 200-day moving average is C$8.12. Orla Mining Ltd. has a 1 year low of C$4.60 and a 1 year high of C$13.76.

Wall Street Analyst Weigh In

A number of research firms have commented on OLA. Stifel Nicolaus set a C$15.50 price objective on Orla Mining and gave the stock a “buy” rating in a research note on Wednesday, March 19th. CIBC upped their price target on shares of 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. Cormark raised their price objective on shares of Orla Mining from C$10.00 to C$12.00 in a research report on Thursday, March 20th. TD Securities upgraded shares of Orla Mining to a “hold” rating in a research report on Tuesday, February 4th. Finally, Stifel Canada raised shares of Orla Mining to a “strong-buy” rating in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Orla Mining presently has an average rating of “Buy” and an average 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.