Orla Mining (TSE:OLA – Free Report) had its target price lifted by Stifel Nicolaus from C$5.25 to C$6.00 in a research report report published on Friday morning, BayStreet.CA reports.
Separately, Desjardins lowered their price target on shares of Orla Mining from C$7.25 to C$6.50 and set a buy rating on the stock in a report on Wednesday, January 17th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of C$6.11.
Orla Mining Price Performance
Orla Mining (TSE:OLA – Get Free Report) last issued its earnings results on Tuesday, March 19th. The company reported C$0.07 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.05 by C$0.02. The firm 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%. Equities analysts forecast that Orla Mining will post 0.1629163 EPS for the current year.
Insider Activity at Orla Mining
In related news, Senior Officer John Andrew Cormier sold 5,531 shares of the firm’s 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 value of C$27,931.55. In related news, Senior Officer John Andrew Cormier sold 5,531 shares of the firm’s 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 value of C$27,931.55. Also, Director Timothy Quentin Haldane sold 25,000 shares of the firm’s 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. Insiders have sold 31,735 shares of company stock valued at $158,170 over the last three months. 35.12% of the stock is owned by corporate insiders.
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.
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