Orla Mining Ltd. (TSE:OLA) Director Elizabeth Dianne Mcgregor Sells 20,000 Shares

Orla Mining Ltd. (TSE:OLA) Director Elizabeth Dianne Mcgregor sold 20,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of C$5.40, for a total transaction of C$107,960.00.

Orla Mining Trading Up 3.7 %

Shares of TSE:OLA opened at C$5.84 on Tuesday. The business’s 50-day moving average is C$5.27 and its 200 day moving average is C$5.22. The company has a debt-to-equity ratio of 17.76, a current ratio of 5.89 and a quick ratio of 1.22. Orla Mining Ltd. has a 1 year low of C$3.53 and a 1 year high of C$6.52. The firm has a market capitalization of C$1.87 billion, a P/E ratio of -116.80 and a beta of 1.59.

Analyst Upgrades and Downgrades

OLA has been the subject of a number of analyst reports. Scotiabank lowered Orla Mining from an “outperform” rating to a “sector perform” rating and set a C$5.75 target price for the company. in a report on Thursday, May 23rd. Desjardins raised their price objective on Orla Mining from C$6.75 to C$7.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. CIBC boosted their target price on shares of Orla Mining from C$7.25 to C$7.50 in a report on Wednesday, July 10th. TD Securities decreased their price target on shares of Orla Mining from C$6.00 to C$5.50 and set a “hold” rating for the company in a research report on Wednesday, May 15th. Finally, Stifel Nicolaus lifted their price objective on shares of Orla Mining from C$6.00 to C$6.25 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$6.31.

About Orla Mining

Orla Mining Ltd. acquires, explores, develops, and exploits mineral properties. The company explores for gold, silver, zinc, lead, and copper deposits. It owns 100% interests in the Camino Rojo project that consists of seven concessions covering an area of 138,636 hectares located in Zacatecas, Mexico; Cerro Quema project totaling an area of 15,000 hectares located in the Azuero Peninsula, Panama; and the South Railroad project consisting of an area of 21,000 hectares located in Elko, Nevada.