Orla Mining (TSE:OLA) Upgraded by Desjardins to Moderate Buy Rating

Orla Mining (TSE:OLA) was upgraded by Desjardins to a “moderate buy” rating in a research report issued on Thursday, Zacks.com reports.

A number of other research analysts have also recently issued reports on the stock. CIBC lifted their price objective on shares of Orla Mining from C$7.25 to C$7.50 in a research note on Wednesday, July 10th. Scotiabank lifted their price objective on shares of Orla Mining from C$5.25 to C$6.00 in a research note on Thursday, October 10th. Finally, Stifel Nicolaus lifted their price objective on shares of Orla Mining from C$6.50 to C$8.00 in a research note on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$6.56.

Orla Mining Stock Down 0.9 %

Shares of OLA opened at C$6.63 on Thursday. Orla Mining has a 12 month low of C$3.53 and a 12 month high of C$7.16. The firm’s 50 day moving average is C$5.96 and its 200-day moving average is C$5.60. The stock has a market capitalization of C$2.12 billion, a PE ratio of -132.60 and a beta of 1.57. The company has a current ratio of 5.89, a quick ratio of 1.22 and a debt-to-equity ratio of 17.76.

Orla Mining (TSE:OLA) last announced its quarterly earnings data on Monday, August 12th. The company reported C$0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.01). The firm had revenue of C$115.71 million during the quarter. Orla Mining had a negative net margin of 4.12% and a negative return on equity of 2.50%. Equities research analysts forecast that Orla Mining will post 0.3352878 EPS for the current year.

Insider Buying and Selling at Orla Mining

In other Orla Mining news, Director Elizabeth Dianne Mcgregor sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of C$5.40, for a total value of C$107,960.00. In other news, Senior Officer Andrew James Bradbury sold 12,500 shares of Orla Mining stock in a transaction on Thursday, September 12th. The shares were sold at an average price of C$5.90, for a total transaction of C$73,750.00. Also, Director Elizabeth Dianne Mcgregor sold 20,000 shares of Orla Mining stock in a transaction on Thursday, August 15th. The stock was sold at an average price of C$5.40, for a total transaction of C$107,960.00. Insiders have sold 101,000 shares of company stock worth $577,457 over the last quarter. Corporate insiders own 51.68% 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.