Analysts Set Orla Mining Ltd. (TSE:OLA) Price Target at C$6.56

Orla Mining Ltd. (TSE:OLA) has received an average recommendation of “Moderate Buy” from the five analysts that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$6.56.

Several brokerages have issued reports on OLA. Scotiabank lifted their target price on shares of Orla Mining from C$5.25 to C$6.00 in a report on Thursday, October 10th. Stifel Nicolaus boosted their price objective on shares of Orla Mining from C$6.50 to C$8.00 in a report on Monday, October 21st. Finally, Desjardins raised Orla Mining to a “moderate buy” rating in a research report on Thursday, October 31st.

Orla Mining Trading Down 1.5 %

Orla Mining stock opened at C$6.59 on Wednesday. Orla Mining has a 12 month low of C$3.53 and a 12 month high of C$7.16. The company has a market capitalization of C$2.11 billion, a price-to-earnings ratio of -131.80 and a beta of 1.57. The business’s fifty day simple moving average is C$6.05 and its two-hundred day simple moving average is C$5.64. 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 posted its quarterly earnings results on Monday, August 12th. The company reported C$0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.10 by C($0.01). Orla Mining had a negative return on equity of 2.50% and a negative net margin of 4.12%. The company had revenue of C$115.71 million during the quarter. As a group, equities analysts predict that Orla Mining will post 0.3352878 earnings per share for the current fiscal year.

Insider Activity

In other Orla Mining news, Senior Officer Etienne Morin sold 20,000 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of C$5.86, for a total transaction of C$117,178.00. In other Orla Mining news, Senior Officer Etienne Morin sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of C$5.86, for a total value of C$117,178.00. Also, Senior Officer Andrew James Bradbury sold 12,500 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of C$5.90, for a total value of C$73,750.00. Insiders sold 101,000 shares of company stock valued at $577,457 over the last three months. Insiders own 51.68% of the company’s stock.

About Orla Mining

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.