National Bankshares Issues Positive Forecast for Orla Mining (TSE:OLA) Stock Price

Orla Mining (TSE:OLA) had its price objective upped by stock analysts at National Bankshares from C$27.00 to C$29.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 21.44% from the stock’s previous close.

A number of other research analysts have also weighed in on the company. CIBC raised their target price on Orla Mining from C$25.00 to C$27.00 in a report on Monday, October 20th. TD Securities decreased their price target on Orla Mining from C$28.00 to C$25.00 in a report on Thursday. Natl Bk Canada upgraded Orla Mining to a “strong-buy” rating in a research note on Monday, January 12th. Finally, Royal Bank Of Canada upped their target price on shares of Orla Mining from C$26.00 to C$32.00 in a research note on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Orla Mining presently has an average rating of “Buy” and an average price target of C$21.38.

Orla Mining Stock Up 5.8%

Shares of Orla Mining stock traded up C$1.30 during trading hours on Thursday, reaching C$23.88. The company’s stock had a trading volume of 1,292,097 shares, compared to its average volume of 835,390. The company has a market capitalization of C$8.12 billion, a P/E ratio of 149.25 and a beta of 0.29. The stock’s fifty day simple moving average is C$18.97 and its two-hundred day simple moving average is C$16.39. Orla Mining has a one year low of C$8.34 and a one year high of C$24.34. The company has a debt-to-equity ratio of 12.68, a quick ratio of 1.22 and a current ratio of 4.54.

Orla Mining (TSE:OLA) last posted its earnings results on Tuesday, November 11th. The company reported C$0.22 earnings per share for the quarter. Orla Mining had a net margin of 3.15% and a return on equity of 2.24%. The company had revenue of C$382.88 million for the quarter. On average, research analysts forecast that Orla Mining will post 0.3352878 earnings per share for the current year.

Insider Activity at Orla Mining

In related news, insider Paul Schmidt sold 2,552 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of C$17.44, for a total transaction of C$44,506.88. Following the completion of the sale, the insider owned 8,082 shares in the company, valued at approximately C$140,950.08. This trade represents a 24.00% decrease in their ownership of the stock. Also, insider Paul Mann sold 15,864 shares of the business’s 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 transaction, the insider owned 205,647 shares in the company, valued at approximately C$3,783,904.80. The trade was a 7.16% decrease in their ownership of the stock. Over the last 90 days, insiders sold 77,828 shares of company stock worth $1,376,992. 51.68% of the stock is owned by company insiders.

Orla Mining Company Profile

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.