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

Orla Mining (TSE:OLA) had its price target increased by stock analysts at Desjardins from C$28.00 to C$29.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective indicates a potential upside of 15.95% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Royal Bank Of Canada upped their price target on Orla Mining from C$26.00 to C$32.00 in a research report on Wednesday, December 10th. Natl Bk Canada raised Orla Mining to a “strong-buy” rating in a research note on Monday, January 12th. National Bankshares raised their target price on Orla Mining from C$27.00 to C$29.00 and gave the stock an “outperform” rating in a research note on Thursday. CIBC lifted their price target on Orla Mining from C$25.00 to C$27.00 in a report on Monday, October 20th. Finally, TD Securities cut their price objective on shares of Orla Mining from C$28.00 to C$25.00 in a research report on Thursday. One 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 stock. According to MarketBeat, Orla Mining has a consensus rating of “Buy” and an average price target of C$23.38.

Orla Mining Price Performance

Orla Mining stock traded up C$0.99 during midday trading on Friday, reaching C$25.01. The company had a trading volume of 789,838 shares, compared to its average volume of 854,489. Orla Mining has a 12-month low of C$8.34 and a 12-month high of C$25.12. The firm’s fifty day simple moving average is C$19.11 and its 200-day simple moving average is C$16.44. The company has a debt-to-equity ratio of 12.68, a current ratio of 4.54 and a quick ratio of 1.22. The company has a market capitalization of C$8.50 billion, a P/E ratio of 156.31 and a beta of 0.29.

Orla Mining (TSE:OLA) last released 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 business had revenue of C$382.88 million during the quarter. As a group, equities analysts anticipate that Orla Mining will post 0.3352878 EPS for the current year.

Insiders Place Their Bets

In other news, insider Paul Mann sold 15,864 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider directly owned 205,647 shares in the company, valued at C$3,783,904.80. This trade represents a 7.16% decrease in their ownership of the stock. Also, insider Paul Schmidt sold 2,552 shares of Orla Mining stock in a transaction 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 completion of the sale, the insider directly owned 8,082 shares of the company’s stock, valued at C$140,950.08. The trade was a 24.00% decrease in their ownership of the stock. Insiders have sold 77,828 shares of company stock worth $1,376,992 over the last ninety days. 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.