Analysts Set Orla Mining Ltd. (TSE:OLA) Target Price at C$6.31

Shares of Orla Mining Ltd. (TSE:OLA) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$6.31.

A number of brokerages have commented on OLA. TD Securities cut their price target on shares of Orla Mining from C$6.00 to C$5.50 and set a “hold” rating on the stock in a research report on Wednesday, May 15th. Scotiabank cut Orla Mining from an “outperform” rating to a “sector perform” rating and set a C$5.75 target price for the company. in a research note on Thursday, May 23rd. Stifel Nicolaus boosted their price target on Orla Mining from C$6.00 to C$6.25 and gave the company a “buy” rating in a research note on Wednesday, May 15th. Desjardins raised their price objective on shares of Orla Mining from C$6.75 to C$7.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Finally, CIBC boosted their target price on shares of Orla Mining from C$7.25 to C$7.50 in a research report on Wednesday, July 10th.

Insider Buying and Selling at Orla Mining

In other news, Senior Officer John Andrew Cormier sold 35,000 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of C$5.93, for a total transaction of C$207,438.00. In related news, Senior Officer John Andrew Cormier sold 35,000 shares of Orla Mining stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of C$5.93, for a total transaction of C$207,438.00. Also, Director Timothy Quentin Haldane sold 65,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of C$5.97, for a total value of C$387,972.00. Over the last three months, insiders have sold 213,100 shares of company stock valued at $1,221,467. Corporate insiders own 34.72% of the company’s stock.

Orla Mining Stock Down 2.6 %

Shares of OLA opened at C$4.91 on Monday. The company has a market capitalization of C$1.56 billion, a PE ratio of -40.92 and a beta of 1.59. The stock’s 50-day moving average price is C$5.38 and its two-hundred day moving average price is C$5.17. The company has a current ratio of 5.68, a quick ratio of 1.22 and a debt-to-equity ratio of 21.76. Orla Mining has a 12 month low of C$3.53 and a 12 month high of C$6.52.

Orla Mining (TSE:OLA) last announced its earnings results on Tuesday, May 14th. The company reported C$0.07 EPS for the quarter, beating the consensus estimate of C$0.06 by C$0.01. Orla Mining had a negative return on equity of 5.47% and a negative net margin of 9.11%. The business had revenue of C$90.70 million for the quarter. On average, analysts anticipate that Orla Mining will post 0.2246178 EPS for the current year.

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.