Orla Mining Ltd. (TSE:OLA) Senior Officer John Andrew Cormier Sells 5,531 Shares

Orla Mining Ltd. (TSE:OLA) Senior Officer John Andrew Cormier sold 5,531 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of C$5.05, for a total value of C$27,931.55.

Orla Mining Price Performance

Shares of TSE:OLA opened at C$5.13 on Friday. The company’s fifty day moving average is C$4.75 and its two-hundred day moving average is C$4.57. The company has a quick ratio of 1.22, a current ratio of 5.07 and a debt-to-equity ratio of 22.78. Orla Mining Ltd. has a 12-month low of C$3.53 and a 12-month high of C$6.71. The company has a market cap of C$1.62 billion, a P/E ratio of -42.75 and a beta of 1.56.

Wall Street Analysts Forecast Growth

OLA has been the topic of several recent analyst reports. Stifel Nicolaus dropped their target price on Orla Mining from C$6.50 to C$5.25 and set a “buy” rating on the stock in a report on Thursday, December 21st. Desjardins dropped their target price on Orla Mining from C$7.25 to C$6.50 and set a “buy” rating on the stock in a report on Wednesday, January 17th. TD Securities cut Orla Mining from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$5.50 to C$4.50 in a report on Monday, December 11th. Royal Bank of Canada set a C$6.00 price target on Orla Mining and gave the company an “outperform” rating in a report on Friday, December 15th. Finally, BMO Capital Markets dropped their price target on Orla Mining from C$8.00 to C$7.50 and set an “outperform” rating on the stock in a report on Tuesday, December 19th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$6.09.

About Orla Mining

Orla Mining Ltd. acquires, explores, operates, and develops mineral properties. The company explores for gold, silver, zinc, lead, and copper deposits. It owns 100% interests in the Camino Rojo project that consists of seven concessions covering an area of 138,636 hectares located in Zacatecas, Mexico; and Cerro Quema project totaling an area of 14,893 hectares located in the Azuero Peninsula, Panama.