Orla Mining (TSE:OLA) Given a C$27.00 Price Target at National Bankshares

Orla Mining (TSE:OLA) has been assigned a C$27.00 price objective by analysts at National Bankshares in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 30.50% from the company’s previous close.

OLA has been the topic of several other reports. Royal Bank Of Canada boosted their price objective on shares of Orla Mining from C$26.00 to C$32.00 in a research note on Wednesday, December 10th. CIBC boosted their target price on shares of Orla Mining from C$25.00 to C$27.00 in a research report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Orla Mining presently has a consensus rating of “Buy” and an average target price of C$19.09.

Orla Mining Stock Up 1.0%

Shares of OLA traded up C$0.20 during mid-day trading on Tuesday, reaching C$20.69. The company’s stock had a trading volume of 580,244 shares, compared to its average volume of 747,474. The stock has a market cap of C$7.03 billion, a PE ratio of 129.31 and a beta of 0.29. 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$7.90 and a 12-month high of C$21.33. The company’s 50 day moving average is C$18.00 and its 200 day moving average is C$16.03.

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

Insider Buying and Selling

In other news, insider John Andrew Cormier sold 30,000 shares of the firm’s stock in a transaction dated 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 Mann sold 15,864 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of C$18.40, for a total transaction of C$291,897.60. Following the sale, the insider directly owned 205,647 shares of the company’s stock, valued at approximately C$3,783,904.80. This trade represents a 7.16% decrease in their position. Over the last quarter, insiders sold 77,828 shares of company stock valued at $1,376,992. 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.