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

Orla Mining Ltd. (TSE:OLA) Director David Andrew Stephens sold 7,500 shares of the company’s stock in a transaction dated 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 opened at C$15.18 on Thursday. The company has a 50 day moving average price of C$14.69 and a 200-day moving average price of C$11.47. Orla Mining Ltd. has a fifty-two week low of C$4.60 and a fifty-two week high of C$16.98. The stock has a market capitalization of C$3.44 billion, a PE ratio of 324.46 and a beta of 1.57. The company has a debt-to-equity ratio of 12.68, a quick ratio of 1.22 and a current ratio of 4.54.

Analysts Set New Price Targets

A number of brokerages have commented on OLA. Royal Bank Of Canada upped their target price on shares of Orla Mining from C$15.00 to C$18.00 in a research note on Wednesday, June 4th. BMO Capital Markets upped their target price on shares of Orla Mining from C$12.50 to C$14.50 in a research note on Thursday, March 20th. Stifel Nicolaus upped their target price on shares of Orla Mining from C$15.50 to C$19.00 in a research note on Monday, April 21st. Cormark upped their target price on shares of Orla Mining from C$10.00 to C$12.00 in a research note on Thursday, March 20th. Finally, CIBC upped their target price on shares of Orla Mining from C$16.25 to C$18.50 in a research note on Thursday, April 17th. 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 stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$14.82.

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.