National Bankshares Increases Orla Mining (TSE:OLA) Price Target to C$29.00

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

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

Orla Mining Stock Performance

TSE:OLA traded up C$1.30 on Thursday, reaching C$23.88. 1,292,097 shares of the company’s stock were exchanged, compared to its average volume of 835,390. The firm has a market cap of C$8.12 billion, a price-to-earnings ratio of 149.25 and a beta of 0.29. The company has a debt-to-equity ratio of 12.68, a current ratio of 4.54 and a quick ratio of 1.22. The stock has a fifty day simple moving average of C$18.97 and a 200-day simple moving average of C$16.39. Orla Mining has a 52 week low of C$8.34 and a 52 week high of C$24.34.

Orla Mining (TSE:OLA) last announced its quarterly earnings results on Tuesday, November 11th. The company reported C$0.22 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 for the quarter. As a group, sell-side analysts predict that Orla Mining will post 0.3352878 earnings per share for the current year.

Insider Buying and Selling at Orla Mining

In related news, insider Paul Mann sold 15,864 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of C$18.40, for a total value of C$291,897.60. Following the transaction, the insider directly owned 205,647 shares in the company, valued at approximately C$3,783,904.80. This represents a 7.16% decrease in their ownership of the stock. Also, insider Paul Schmidt sold 2,552 shares of the firm’s stock in a transaction that occurred on 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 directly owned 8,082 shares in the company, valued at C$140,950.08. This represents a 24.00% decrease in their ownership of the stock. Insiders have sold a total of 77,828 shares of company stock valued at $1,376,992 in the last 90 days. Corporate 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.