Orla Mining (TSE:OLA) PT Raised to C$6.25 at Stifel Nicolaus

Orla Mining (TSE:OLA - Get Free Report) had its target price lifted by analysts at Stifel Nicolaus from C$6.00 to C$6.25 in a report issued on Wednesday, BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Stifel Nicolaus' price target suggests a potential upside of 9.84% from the company's previous close.

Other equities analysts also recently issued reports about the stock. TD Securities reduced their target price on shares of Orla Mining from C$6.00 to C$5.50 and set a "hold" rating for the company in a report on Wednesday. Desjardins boosted their target price on Orla Mining from C$6.75 to C$7.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Scotiabank increased their price target on Orla Mining from C$6.75 to C$7.00 and gave the company a "buy" rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$6.44.

Orla Mining Trading Up 9.2 %

TSE:OLA traded up C$0.48 during mid-day trading on Wednesday, hitting C$5.69. 1,575,098 shares of the stock traded hands, compared to its average volume of 642,922. 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 stock has a market capitalization of C$1.81 billion, a price-to-earnings ratio of -47.67 and a beta of 1.60. Orla Mining has a 52 week low of C$3.53 and a 52 week high of C$6.52. The firm's 50 day moving average is C$5.23 and its two-hundred day moving average is C$4.65.

Orla Mining (TSE:OLA - Get Free Report) last posted its quarterly earnings results on Tuesday, March 19th. The company reported C$0.07 EPS for the quarter, topping analysts' consensus estimates of C$0.05 by C$0.02. Orla Mining had a negative net margin of 11.56% and a negative return on equity of 6.77%. The firm had revenue of C$85.70 million for the quarter. On average, equities research analysts predict that Orla Mining will post 0.1922246 earnings per share for the current year.

Insiders Place Their Bets

In other Orla Mining news, Director Timothy Quentin Haldane sold 25,000 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of C$4.97, for a total value of C$124,362.50. In other news, Director Timothy Quentin Haldane sold 25,000 shares of the company's stock in a transaction 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 the company's stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of C$5.05, for a total transaction of C$27,931.55. Insiders sold a total of 31,735 shares of company stock valued at $158,170 over the last 90 days. 34.88% of the stock is owned by company insiders.

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.