Orla Mining (TSE:OLA) Price Target Raised to C$29.00

Orla Mining (TSE:OLA) had its price objective raised by National Bankshares from C$27.00 to C$29.00 in a report published on Thursday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

OLA has been the subject of a number of other reports. Natl Bk Canada raised Orla Mining to a “strong-buy” rating in a research report on Monday, January 12th. Royal Bank Of Canada increased their target price on shares of Orla Mining from C$26.00 to C$32.00 in a research note on Wednesday, December 10th. TD Securities reduced their price target on shares of Orla Mining from C$28.00 to C$25.00 in a research note on Thursday. Finally, CIBC upped their price objective on shares of Orla Mining from C$25.00 to C$27.00 in a report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$23.38.

Orla Mining Stock Up 5.2%

OLA stock opened at C$25.26 on Thursday. Orla Mining has a one year low of C$8.34 and a one year high of C$25.35. The firm has a market cap of C$8.59 billion, a PE ratio of 157.88 and a beta of 0.29. The firm’s 50 day moving average price is C$19.28 and its 200-day moving average price is C$16.53. The company has a debt-to-equity ratio of 12.68, a quick ratio of 1.22 and a current ratio of 4.54.

Orla Mining (TSE:OLA) last issued its quarterly earnings data on Tuesday, November 11th. The company reported C$0.22 earnings per share for the quarter. Orla Mining had a return on equity of 2.24% and a net margin of 3.15%.The company had revenue of C$382.88 million during the quarter. On average, equities research analysts anticipate that Orla Mining will post 0.3352878 EPS for the current year.

Insider Buying and Selling at Orla Mining

In other Orla Mining news, insider John Andrew Cormier sold 30,000 shares of the company’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of C$17.61, for a total transaction of C$528,300.00. Also, insider Paul Mann sold 15,864 shares of Orla Mining stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of C$18.40, for a total value of C$291,897.60. Following the completion of the transaction, the insider owned 205,647 shares of the company’s stock, valued at C$3,783,904.80. The trade was a 7.16% decrease in their position. Insiders sold 77,828 shares of company stock valued at $1,376,992 in the last 90 days. Company insiders own 51.68% of the company’s stock.

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.