Orla Mining (TSE:OLA) Price Target Raised to C$30.00

Orla Mining (TSE:OLA) had its price objective boosted by equities researchers at BMO Capital Markets from C$22.00 to C$30.00 in a report issued on Monday,BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 13.90% from the stock’s previous close.

OLA has been the subject of several other reports. Natl Bk Canada raised shares of Orla Mining to a “strong-buy” rating in a research note on Monday, January 12th. National Bankshares boosted their price target on Orla Mining from C$27.00 to C$29.00 and gave the company an “outperform” rating in a report on Thursday. Scotiabank increased their price objective on Orla Mining from C$21.00 to C$26.50 in a report on Monday. Royal Bank Of Canada lifted their price objective on Orla Mining from C$26.00 to C$32.00 in a research report on Wednesday, December 10th. Finally, Desjardins boosted their target price on Orla Mining from C$28.00 to C$29.00 and gave the company a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$25.44.

Orla Mining Trading Up 4.3%

Orla Mining stock traded up C$1.08 during trading hours on Monday, reaching C$26.34. The company had a trading volume of 848,422 shares, compared to its average volume of 885,445. The company has a debt-to-equity ratio of 12.68, a current ratio of 4.54 and a quick ratio of 1.22. Orla Mining has a 12-month low of C$8.34 and a 12-month high of C$27.22. The company has a 50-day moving average price of C$19.28 and a 200 day moving average price of C$16.54. The firm has a market cap of C$8.95 billion, a price-to-earnings ratio of 164.63 and a beta of 0.29.

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

Insider Transactions at Orla Mining

In other news, insider John Andrew Cormier sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of C$17.61, for a total value of C$528,300.00. Also, insider Paul Schmidt sold 2,552 shares of Orla Mining stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of C$17.44, for a total value of C$44,506.88. Following the sale, the insider owned 8,082 shares in the company, valued at C$140,950.08. This represents a 24.00% decrease in their ownership of the stock. In the last quarter, insiders sold 77,828 shares of company stock valued at $1,376,992. Corporate insiders own 51.68% of the company’s stock.

About Orla Mining

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.