Orla Mining Ltd. (TSE:OLA) Director Sells C$116,025.75 in Stock

Orla Mining Ltd. (TSE:OLA - Get Free Report) Director David Andrew Stephens sold 7,500 shares of the business's stock in a transaction on Monday, June 16th. The shares were sold at an average price of C$15.47, for a total transaction of C$116,025.75.

Orla Mining Price Performance

Shares of OLA traded down C$0.03 during trading hours on Thursday, reaching C$15.15. 94,412 shares of the company's stock traded hands, compared to its average volume of 607,444. Orla Mining Ltd. has a 12 month low of C$4.60 and a 12 month high of C$16.98. 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 stock has a market cap of C$3.43 billion, a PE ratio of 323.82 and a beta of 1.57. The firm's 50 day simple moving average is C$14.69 and its 200-day simple moving average is C$11.47.

Wall Street Analyst Weigh In

OLA has been the topic of several research reports. BMO Capital Markets upped their price objective on shares of Orla Mining from C$12.50 to C$14.50 in a report on Thursday, March 20th. Royal Bank Of Canada boosted their price objective on Orla Mining from C$15.00 to C$18.00 in a research report on Wednesday, June 4th. CIBC lifted their price target on shares of Orla Mining from C$16.25 to C$18.50 in a report on Thursday, April 17th. Cormark upped their price objective on shares of Orla Mining from C$10.00 to C$12.00 in a report on Thursday, March 20th. Finally, Stifel Nicolaus raised their price target on Orla Mining from C$15.50 to C$19.00 in a report on Monday, April 21st. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of C$14.82.

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.