Orla Mining (TSE:OLA) Upgraded at ATB Cormark Capital Markets

ATB Cormark Capital Markets upgraded shares of Orla Mining (TSE:OLA) from a hold rating to a moderate buy rating in a research note released on Monday, MarketBeat reports. They currently have C$35.00 target price on the stock, up from their previous target price of C$25.00.

OLA has been the topic of a number of other reports. BMO Capital Markets increased their price objective on Orla Mining from C$22.00 to C$30.00 in a report on Monday, January 26th. Royal Bank Of Canada boosted their price objective on Orla Mining from C$26.00 to C$32.00 in a research note on Wednesday, December 10th. Stifel Nicolaus increased their price target on Orla Mining from C$28.00 to C$35.00 in a report on Tuesday, February 10th. National Bank Financial upped their price objective on Orla Mining from C$27.00 to C$29.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. 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 report on Friday, January 23rd. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$28.55.

Orla Mining Stock Up 1.0%

Orla Mining stock opened at C$27.32 on Monday. Orla Mining has a twelve month low of C$9.76 and a twelve month high of C$27.89. The firm has a market cap of C$9.29 billion, a P/E ratio of 170.75 and a beta of 0.38. The company has a quick ratio of 1.22, a current ratio of 4.54 and a debt-to-equity ratio of 12.68. The business has a fifty day moving average of C$21.83 and a two-hundred day moving average of C$17.97.

Orla Mining (TSE:OLA) last issued its quarterly earnings data on Tuesday, November 11th. The company reported C$0.22 earnings per share (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%. On average, analysts forecast that Orla Mining will post 0.3352878 earnings per share for the current fiscal year.

Insider Activity at Orla Mining

In other news, insider Paul Mann sold 15,864 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of C$18.40, for a total transaction of C$291,897.60. Following the completion of the sale, the insider owned 205,647 shares in the company, valued at approximately C$3,783,904.80. This represents a 7.16% decrease in their ownership of the stock. 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.