Orla Mining Ltd. (TSE:OLA) Director David Andrew Stephens Sells 7,500 Shares

Orla Mining Ltd. (TSE:OLA - Get Free Report) Director David Andrew Stephens sold 7,500 shares of Orla Mining 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

TSE OLA traded up C$0.84 on Monday, hitting C$15.70. 1,205,234 shares of the company's stock were exchanged, compared to its average volume of 610,758. The stock has a 50-day moving average of C$14.53 and a 200-day moving average of C$11.36. The stock has a market cap of C$3.56 billion, a price-to-earnings ratio of 335.58 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$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.

Analyst Ratings Changes

A number of research analysts have commented on the stock. BMO Capital Markets increased their price objective on shares of Orla Mining from C$12.50 to C$14.50 in a research note on Thursday, March 20th. Royal Bank of Canada upped their price objective on Orla Mining from C$15.00 to C$18.00 in a report on Wednesday, June 4th. CIBC boosted their price objective on 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 research note on Thursday, March 20th. Finally, Desjardins raised their target price on Orla Mining from C$12.00 to C$13.00 and gave the company a "buy" rating in a report 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 company. According to MarketBeat, the stock has a consensus rating of "Buy" and an average 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.

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