Stifel Nicolaus Forecasts Strong Price Appreciation for Orla Mining (TSE:OLA) Stock

Orla Mining (TSE:OLA) had its price objective lifted by investment analysts at Stifel Nicolaus from C$28.00 to C$35.00 in a report released on Tuesday,BayStreet.CA reports. Stifel Nicolaus’ price objective would suggest a potential upside of 49.64% from the company’s previous close.

Several other analysts have also recently commented on OLA. BMO Capital Markets raised their price objective on shares of Orla Mining from C$22.00 to C$30.00 in a research note on Monday, January 26th. Royal Bank Of Canada lifted their price target on shares of Orla Mining from C$26.00 to C$32.00 in a research report on Wednesday, December 10th. National Bankshares boosted their price target on Orla Mining from C$27.00 to C$29.00 and gave the stock an “outperform” rating in a research note on Thursday, January 22nd. TD Securities lowered their price target on Orla Mining from C$28.00 to C$25.00 in a report on Thursday, January 22nd. Finally, Desjardins lifted their price objective on Orla Mining from C$28.00 to C$29.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$27.83.

Orla Mining Stock Performance

TSE OLA traded down C$0.17 on Tuesday, hitting C$23.39. 372,974 shares of the company’s stock were exchanged, compared to its average volume of 987,026. The firm has a market cap of C$7.95 billion, a price-to-earnings ratio of 146.19 and a beta of 0.38. The firm’s 50-day moving average price is C$20.31 and its two-hundred day moving average price is C$17.09. Orla Mining has a fifty-two week low of C$9.44 and a fifty-two week high of C$27.22. 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 (TSE:OLA) last posted its quarterly earnings results on Tuesday, November 11th. The company reported C$0.22 earnings per share for the quarter. The firm had revenue of C$382.88 million for the quarter. Orla Mining had a return on equity of 2.24% and a net margin of 3.15%. On average, research analysts expect that Orla Mining will post 0.3352878 EPS for the current year.

Insider Transactions at Orla Mining

In related news, insider John Andrew Cormier sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were 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 the stock in a transaction that occurred on 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 transaction, the insider directly owned 205,647 shares of the company’s stock, valued at approximately C$3,783,904.80. The trade was a 7.16% decrease in their position. Over the last 90 days, insiders sold 77,828 shares of company stock valued at $1,376,992. 51.68% of the stock is currently owned by insiders.

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.