Orla Mining (CVE:OLA) Given New C$5.75 Price Target at Cormark

Orla Mining (CVE:OLA – Get Rating) had its price objective lowered by Cormark from C$6.00 to C$5.75 in a research report report published on Tuesday morning, BayStreet.CA reports.

Separately, Scotiabank cut their target price on Orla Mining from C$6.25 to C$6.00 in a research note on Monday.

Orla Mining Stock Performance

Shares of OLA stock opened at C$1.40 on Tuesday. The company has a market cap of C$250.90 million and a price-to-earnings ratio of -22.95. The stock has a 50 day simple moving average of C$1.40 and a 200-day simple moving average of C$1.40. Orla Mining has a 12-month low of C$1.08 and a 12-month high of C$1.85. The company has a current ratio of 13.32, a quick ratio of 13.00 and a debt-to-equity ratio of 1.29.

Insider Activity at Orla Mining

In related news, Senior Officer Etienne Morin sold 120,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of C$4.95, for a total value of C$593,892.00. Following the completion of the transaction, the insider now directly owns 104,275 shares of the company’s stock, valued at approximately C$516,067.40. In other Orla Mining news, Director Jean Robitaille sold 19,600 shares of the firm’s stock in a transaction on Thursday, December 1st. The stock was sold at an average price of C$5.29, for a total transaction of C$103,744.76. Following the completion of the transaction, the director now owns 2,604,850 shares of the company’s stock, valued at C$13,787,731.54. Also, Senior Officer Etienne Morin sold 120,000 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of C$4.95, for a total value of C$593,892.00. Following the transaction, the insider now directly owns 104,275 shares of the company’s stock, valued at approximately C$516,067.40. Insiders sold 428,650 shares of company stock valued at $2,173,377 in the last ninety days.

Orla Mining Company Profile

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Orla Mining Ltd. operates as a mineral exploration company. The company explores for gold, silver, and copper deposits. It holds 100% interests in the Cerro Quema project with three concessions that cover an area of 14,833 hectares located on the Azuero Peninsula. The company was formerly known as Red Mile Minerals Corp.