Orla Mining (TSE:OLA) Price Target Raised to C$7.50

Orla Mining (TSE:OLA) had its price target increased by equities research analysts at CIBC from C$7.25 to C$7.50 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. CIBC’s price target indicates a potential upside of 42.59% from the company’s current price.

Several other brokerages also recently weighed in on OLA. Stifel Nicolaus boosted their target price on Orla Mining from C$6.00 to C$6.25 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. Scotiabank downgraded shares of Orla Mining from an “outperform” rating to a “sector perform” rating and set a C$5.75 price objective on the stock. in a report on Thursday, May 23rd. TD Securities decreased their price objective on shares of Orla Mining from C$6.00 to C$5.50 and set a “hold” rating for the company in a research report on Wednesday, May 15th. Finally, Desjardins boosted their target price on shares of Orla Mining from C$6.75 to C$7.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$6.31.

Orla Mining Stock Up 1.0 %

Shares of OLA stock traded up C$0.05 during mid-day trading on Wednesday, hitting C$5.26. 344,379 shares of the stock traded hands, compared to its average volume of 552,386. Orla Mining has a 52-week low of C$3.53 and a 52-week high of C$6.52. The stock has a market cap of C$1.67 billion, a P/E ratio of -44.00 and a beta of 1.59. The company has a debt-to-equity ratio of 21.76, a current ratio of 5.68 and a quick ratio of 1.22. The stock’s fifty day moving average is C$5.47 and its two-hundred day moving average is C$5.05.

Orla Mining (TSE:OLA) last announced its earnings results on Tuesday, May 14th. The company reported C$0.07 earnings per share for the quarter, beating the consensus estimate of C$0.06 by C$0.01. The company had revenue of C$90.70 million during the quarter. Orla Mining had a negative net margin of 9.11% and a negative return on equity of 5.47%. Equities analysts predict that Orla Mining will post 0.2246178 EPS for the current year.

Insider Activity at Orla Mining

In other Orla Mining news, Director Timothy Quentin Haldane sold 65,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of C$5.97, for a total transaction of C$387,972.00. In other news, Senior Officer John Andrew Cormier sold 35,000 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of C$5.93, for a total value of C$207,438.00. Also, Director Timothy Quentin Haldane sold 65,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of C$5.97, for a total value of C$387,972.00. Insiders have sold a total of 213,100 shares of company stock worth $1,221,467 over the last quarter. Insiders own 34.72% of the company’s stock.

Orla Mining Company Profile

Orla Mining Ltd. acquires, explores, develops, and exploits mineral properties. The company explores for gold, silver, zinc, lead, and copper deposits. It owns 100% interests in the Camino Rojo project that consists of seven concessions covering an area of 138,636 hectares located in Zacatecas, Mexico; Cerro Quema project totaling an area of 15,000 hectares located in the Azuero Peninsula, Panama; and the South Railroad project consisting of an area of 21,000 hectares located in Elko, Nevada.