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

Orla Mining Ltd. (TSE:OLA - Get Free Report) Director Elizabeth Dianne Mcgregor sold 20,000 shares of Orla Mining stock in a transaction dated 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 Price Performance

Shares of Orla Mining stock traded up C$0.13 during trading on Monday, hitting C$5.76. 119,462 shares of the company were exchanged, compared to its average volume of 514,602. The company has a quick ratio of 1.22, a current ratio of 5.89 and a debt-to-equity ratio of 17.76. The firm has a 50 day moving average price of C$5.27 and a 200 day moving average price of C$5.21. The stock has a market capitalization of C$1.84 billion, a price-to-earnings ratio of -112.60 and a beta of 1.59. Orla Mining Ltd. has a fifty-two week low of C$3.53 and a fifty-two week high of C$6.52.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on OLA. Stifel Nicolaus lifted their price objective on Orla Mining from C$6.00 to C$6.25 and gave the company a "buy" rating in a report on Wednesday, May 15th. Desjardins upped their price target on shares of Orla Mining from C$6.75 to C$7.00 and gave the stock a "buy" rating in a research note on Wednesday, May 15th. Scotiabank lowered shares of Orla Mining from an "outperform" rating to a "sector perform" rating and set a C$5.75 target price on the stock. in a research report on Thursday, May 23rd. TD Securities lowered their price target on Orla Mining from C$6.00 to C$5.50 and set a "hold" rating on the stock in a report on Wednesday, May 15th. Finally, CIBC lifted their price objective on Orla Mining from C$7.25 to C$7.50 in a report on Wednesday, July 10th. Two equities 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.com, the company has an average rating of "Moderate Buy" and an average price target of C$6.31.

Get Our Latest Stock Report on OLA

Orla Mining Company Profile

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.

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