Orla Mining Ltd. (TSE:OLA) Senior Officer Paul Schmidt Sells 50,000 Shares

Orla Mining Ltd. (TSE:OLA) Senior Officer Paul Schmidt sold 50,000 shares of the firm’s stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of C$13.19, for a total value of C$659,660.00.

Orla Mining Price Performance

Shares of TSE OLA opened at C$13.10 on Friday. The company has a debt-to-equity ratio of 12.68, a current ratio of 4.54 and a quick ratio of 1.22. Orla Mining Ltd. has a 1 year low of C$4.60 and a 1 year high of C$13.76. The company’s 50-day moving average is C$10.51 and its 200 day moving average is C$8.10. The stock has a market capitalization of C$2.97 billion, a P/E ratio of 280.00 and a beta of 1.57.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on OLA shares. TD Securities raised shares of Orla Mining to a “hold” rating in a report on Tuesday, February 4th. Desjardins boosted their price objective on Orla Mining from C$12.00 to C$13.00 and gave the stock a “buy” rating in a report on Wednesday, March 19th. CIBC boosted their target price on 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. Stifel Nicolaus set a C$15.50 price objective on Orla Mining and gave the company a “buy” rating in a research note on Wednesday, March 19th. Finally, BMO Capital Markets lifted their target price on shares of Orla Mining from C$12.50 to C$14.50 in a research note on Thursday, March 20th. One 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 company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$11.86.

About Orla Mining

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.