Orla Mining Ltd. (TSE:OLA - Get Free Report)'s stock price traded down 13.2% on Thursday . The stock traded as low as C$13.40 and last traded at C$13.91. 831,555 shares changed hands during trading, an increase of 35% from the average session volume of 615,691 shares. The stock had previously closed at C$16.02.
Analyst Upgrades and Downgrades
A number of analysts have commented on the stock. CIBC upped their price objective on shares of Orla Mining from C$16.25 to C$18.50 in a research note on Thursday, April 17th. Royal Bank Of Canada upped their price objective on shares of Orla Mining from C$15.00 to C$18.00 in a research note on Wednesday, June 4th. Finally, Stifel Nicolaus upped their price objective on shares of Orla Mining from C$15.50 to C$19.00 in a research note on Monday, April 21st. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Orla Mining currently has an average rating of "Buy" and an average target price of C$14.82.
Check Out Our Latest Research Report on Orla Mining
Orla Mining Stock Performance
The stock has a market cap of C$3.10 billion, a P/E ratio of 292.40 and a beta of 1.57. The firm's 50-day moving average is C$14.74 and its two-hundred day moving average is C$12.86. The company has a quick ratio of 1.22, a current ratio of 4.54 and a debt-to-equity ratio of 12.68.
Insiders Place Their Bets
In other Orla Mining news, Senior Officer Etienne Morin sold 10,000 shares of the business's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of C$15.51, for a total transaction of C$155,064.00. Also, Director David Andrew Stephens sold 7,500 shares of the business's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of C$15.47, for a total value of C$116,025.75. Over the last ninety days, insiders sold 50,462 shares of company stock valued at $781,286. 51.68% of the stock is owned by corporate insiders.
About Orla Mining
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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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