Orla Mining (TSE:OLA) Given New C$6.00 Price Target at Scotiabank

Orla Mining (TSE:OLA) had its price objective raised by Scotiabank from C$5.25 to C$6.00 in a research report report published on Thursday morning, BayStreet.CA reports.

Separately, CIBC increased their price target on Orla Mining from C$7.25 to C$7.50 in a research note on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Orla Mining currently has an average rating of Moderate Buy and a consensus price target of C$6.34.

Orla Mining Trading Up 9.4 %

Shares of TSE OLA opened at C$6.18 on Thursday. The company has a debt-to-equity ratio of 17.76, a current ratio of 5.89 and a quick ratio of 1.22. The stock has a market capitalization of C$1.98 billion, a P/E ratio of -123.60 and a beta of 1.59. Orla Mining has a 1-year low of C$3.53 and a 1-year high of C$6.18. The business has a fifty day moving average price of C$5.51 and a 200 day moving average price of C$5.44.

Orla Mining (TSE:OLA) last issued its quarterly earnings data on Monday, August 12th. The company reported C$0.09 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.01). The company had revenue of C$115.71 million for the quarter. Orla Mining had a negative return on equity of 2.50% and a negative net margin of 4.12%. Equities research analysts expect that Orla Mining will post 0.2979744 EPS for the current fiscal year.

Insider Activity

In other news, Director Elizabeth Dianne Mcgregor sold 20,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of C$5.40, for a total value of C$107,960.00. In related news, Director Jean Robitaille sold 46,600 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$5.74, for a total transaction of C$267,549.24. Also, Director Elizabeth Dianne Mcgregor sold 20,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of C$5.40, for a total value of C$107,960.00. Over the last three months, insiders have sold 101,000 shares of company stock valued at $577,457. Company insiders own 34.48% of the company’s stock.

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.