Orla Mining (TSE:OLA) PT Raised to C$6.00

Orla Mining (TSE:OLA - Free Report) had its target price boosted by Stifel Nicolaus from C$5.25 to C$6.00 in a research report released on Friday, BayStreet.CA reports.

Separately, Desjardins lowered their target price on shares of Orla Mining from C$7.25 to C$6.50 and set a buy rating for the company in a research note on Wednesday, January 17th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of C$6.11.

Orla Mining Trading Down 0.5 %

OLA stock traded down C$0.03 during mid-day trading on Friday, hitting C$5.44. 331,920 shares of the company were exchanged, compared to its average volume of 709,205. The company has a quick ratio of 1.22, a current ratio of 5.07 and a debt-to-equity ratio of 22.78. The firm has a market capitalization of C$1.71 billion, a P/E ratio of -45.42 and a beta of 1.60. The business has a fifty day simple moving average of C$4.97 and a 200-day simple moving average of C$4.55. Orla Mining has a 12-month low of C$3.53 and a 12-month high of C$6.52.

Orla Mining (TSE:OLA - Get Free Report) last announced its earnings results on Tuesday, March 19th. The company reported C$0.07 earnings per share for the quarter, topping the consensus estimate of C$0.05 by C$0.02. The company had revenue of C$85.70 million during the quarter. Orla Mining had a negative net margin of 11.56% and a negative return on equity of 6.77%. On average, equities research analysts predict that Orla Mining will post 0.1629163 earnings per share for the current fiscal year.

Insider Activity

In other news, Senior Officer John Andrew Cormier sold 5,531 shares of the firm's stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of C$5.05, for a total value of C$27,931.55. In related news, Director Timothy Quentin Haldane sold 25,000 shares of Orla Mining stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of C$4.97, for a total value of C$124,362.50. Also, Senior Officer John Andrew Cormier sold 5,531 shares of Orla Mining stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of C$5.05, for a total transaction of C$27,931.55. Over the last quarter, insiders sold 31,735 shares of company stock valued at $158,170. 35.12% of the stock is currently owned by company insiders.

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.