Orla Mining (TSE:OLA) Price Target Raised to C$30.00

Orla Mining (TSE:OLA) had its price objective upped by BMO Capital Markets from C$22.00 to C$30.00 in a report issued on Monday morning,BayStreet.CA reports.

A number of other brokerages also recently issued reports on OLA. TD Securities cut their price objective on shares of Orla Mining from C$28.00 to C$25.00 in a research report on Thursday, January 22nd. Royal Bank Of Canada lifted their target price on Orla Mining from C$26.00 to C$32.00 in a research report on Wednesday, December 10th. National Bankshares upped their price target on Orla Mining from C$27.00 to C$29.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. CIBC lifted their price objective on Orla Mining from C$25.00 to C$27.00 in a research report on Monday, October 20th. Finally, Natl Bk Canada upgraded Orla Mining to a “strong-buy” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$25.44.

Orla Mining Price Performance

Shares of TSE:OLA opened at C$26.48 on Monday. The firm’s 50 day moving average price is C$19.79 and its 200-day moving average price is C$16.76. Orla Mining has a twelve month low of C$8.52 and a twelve month high of C$27.22. 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 stock has a market capitalization of C$9.00 billion, a PE ratio of 165.50 and a beta of 0.29.

Orla Mining (TSE:OLA) last announced its earnings results on Tuesday, November 11th. The company reported C$0.22 earnings per share (EPS) 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 during the quarter. Equities research analysts expect that Orla Mining will post 0.3352878 EPS for the current year.

Insider Transactions at Orla Mining

In related news, insider Paul Schmidt sold 2,552 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of C$17.44, for a total value of C$44,506.88. Following the transaction, the insider directly owned 8,082 shares of the company’s stock, valued at approximately C$140,950.08. The trade was a 24.00% decrease in their position. Also, insider Paul Mann sold 15,864 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of C$18.40, for a total value of C$291,897.60. Following the completion of the transaction, the insider owned 205,647 shares of the company’s stock, valued at C$3,783,904.80. The trade was a 7.16% decrease in their ownership of the stock. Insiders sold a total of 77,828 shares of company stock valued at $1,376,992 over the last 90 days. Company 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.