Orla Mining (TSE:OLA) Price Target Raised to C$6.00 at Stifel Nicolaus

Orla Mining (TSE:OLA) had its price objective increased by Stifel Nicolaus from C$5.25 to C$6.00 in a report released on Friday morning, BayStreet.CA reports.

Separately, Desjardins dropped their target price on shares of Orla Mining from C$7.25 to C$6.50 and set a buy rating for the company in a research report on Wednesday, January 17th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of C$6.11.

Orla Mining Price Performance

Shares of Orla Mining stock opened at C$5.44 on Friday. Orla Mining has a twelve month low of C$3.53 and a twelve month high of C$6.52. The company has a quick ratio of 1.22, a current ratio of 5.07 and a debt-to-equity ratio of 22.78. The company has a 50-day simple moving average of C$4.99 and a two-hundred day simple moving average of C$4.56. The stock has a market capitalization of C$1.71 billion, a price-to-earnings ratio of -45.33 and a beta of 1.60.

Orla Mining (TSE:OLA) last issued its quarterly earnings data on Tuesday, March 19th. The company reported C$0.07 earnings per share for the quarter, topping the consensus estimate of C$0.05 by C$0.02. The business had revenue of C$85.70 million during the quarter. Orla Mining had a negative net margin of 11.56% and a negative return on equity of 6.77%. Analysts forecast that Orla Mining will post 0.1629163 EPS for the current year.

Insider Activity

In related news, Director Timothy Quentin Haldane sold 25,000 shares of Orla Mining stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of C$4.97, for a total transaction of C$124,362.50. In related news, Director Timothy Quentin Haldane sold 25,000 shares of Orla Mining stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of C$4.97, for a total transaction of C$124,362.50. Also, Senior Officer John Andrew Cormier sold 5,531 shares of Orla Mining stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of C$5.05, for a total transaction of C$27,931.55. In the last ninety days, insiders sold 31,735 shares of company stock worth $158,170. 35.12% of the stock is currently owned by corporate insiders.

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.