Orla Mining (TSE:OLA) Price Target Lowered to C$18.50 at Stifel Nicolaus

Key Points

• Orla Mining's price target has been lowered from C$19.00 to C$18.50 by Stifel Nicolaus, although the firm maintains a "buy" rating on the stock.
• The company's stock has seen a recent trading increase of 5.0%, reaching a price of C$14.23, with a potential upside of 30.01% from the new price target.
• Insider transactions revealed that company insiders sold a total of 50,462 shares worth $781,286 over the last quarter, with 51.68% of the stock owned by insiders.

Orla Mining (TSE:OLA - Get Free Report) had its price objective dropped by Stifel Nicolaus from C$19.00 to C$18.50 in a report released on Wednesday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus' target price would suggest a potential upside of 32.81% from the stock's current price.

Several other equities research analysts also recently issued reports on OLA. CIBC raised their price objective on shares of Orla Mining from C$16.25 to C$18.50 in a research note on Thursday, April 17th. Royal Bank Of Canada boosted their price objective on shares of Orla Mining from C$15.00 to C$18.00 in a report on Wednesday, June 4th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Orla Mining presently has a consensus rating of "Buy" and a consensus target price of C$14.75.

Orla Mining Stock Down 2.2%

OLA traded down C$0.32 during midday trading on Wednesday, hitting C$13.93. 242,263 shares of the company's stock traded hands, compared to its average volume of 640,854. The company has a debt-to-equity ratio of 12.68, a current ratio of 4.54 and a quick ratio of 1.22. The company has a market cap of C$3.16 billion, a PE ratio of 297.74 and a beta of 1.57. The stock's fifty day simple moving average is C$14.64 and its 200-day simple moving average is C$13.09. Orla Mining has a one year low of C$4.76 and a one year high of C$17.45.

Insider Buying and Selling at Orla Mining

In other news, 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 value of C$116,025.75. Also, Senior Officer Sylvain Guerard sold 15,000 shares of Orla Mining stock in a transaction dated Monday, June 16th. The shares were sold at an average price of C$15.98, for a total transaction of C$239,668.50. Insiders have sold 50,462 shares of company stock worth $781,286 in the last three months. 51.68% of the stock is currently owned by company insiders.

Orla Mining Company Profile

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.