Orla Mining (TSE:OLA – Free Report) had its price target upped by Stifel Nicolaus from C$6.50 to C$8.00 in a research report report published on Monday, BayStreet.CA reports.
Several other brokerages also recently weighed in on OLA. CIBC boosted their target price on Orla Mining from C$7.25 to C$7.50 in a research note on Wednesday, July 10th. Scotiabank boosted their price target on Orla Mining from C$5.25 to C$6.00 in a research note on Thursday, October 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$6.56.
Read Our Latest Report on Orla Mining
Orla Mining Stock Up 2.3 %
Orla Mining (TSE:OLA – Get Free Report) last announced its earnings results on Monday, August 12th. The company reported C$0.09 earnings per share for the quarter, missing the consensus estimate of C$0.10 by C($0.01). Orla Mining had a negative net margin of 4.12% and a negative return on equity of 2.50%. The firm had revenue of C$115.71 million during the quarter. On average, equities analysts anticipate that Orla Mining will post 0.3352878 earnings per share for the current fiscal year.
Insider Buying and Selling at Orla Mining
In other 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 value of C$267,549.24. In related news, Director Elizabeth Dianne Mcgregor sold 20,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of C$5.40, for a total transaction of C$107,960.00. Also, Director Jean Robitaille sold 46,600 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$5.74, for a total value of C$267,549.24. In the last 90 days, insiders have sold 101,000 shares of company stock worth $577,457. 51.68% of the stock is currently owned by 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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