Desjardins Boosts Orla Mining (TSE:OLA) Price Target to C$7.00

Orla Mining (TSE:OLAGet Free Report) had its price objective upped by equities research analysts at Desjardins from C$6.75 to C$7.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ target price would suggest a potential upside of 21.53% from the company’s current price.

Several other equities analysts have also recently issued reports on the company. Stifel Nicolaus upped their price objective on Orla Mining from C$5.25 to C$6.00 in a research report on Friday, April 19th. Scotiabank upped their price target on Orla Mining from C$6.75 to C$7.00 and gave the company a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Orla Mining presently has an average rating of “Moderate Buy” and a consensus target price of C$6.44.

Check Out Our Latest Research Report on OLA

Orla Mining Stock Up 10.6 %

Shares of TSE:OLA traded up C$0.55 on Wednesday, hitting C$5.76. 1,098,518 shares of the company traded hands, compared to its average volume of 636,221. The stock has a 50 day simple moving average of C$5.23 and a 200-day simple moving average of C$4.65. The company has a quick ratio of 1.22, a current ratio of 5.07 and a debt-to-equity ratio of 22.78. The company has a market cap of C$1.83 billion, a PE ratio of -48.00 and a beta of 1.60. Orla Mining has a 52 week low of C$3.53 and a 52 week high of C$6.52.

Orla Mining (TSE:OLAGet Free Report) last released its quarterly earnings data on Tuesday, March 19th. The company reported C$0.07 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.05 by C$0.02. The business 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%. As a group, research analysts expect that Orla Mining will post 0.1922246 earnings per share for the current year.

Insider Transactions at Orla Mining

In related news, Director Timothy Quentin Haldane sold 25,000 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of C$4.97, for a total transaction of C$124,362.50. In other news, Senior Officer John Andrew Cormier sold 5,531 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of C$5.05, for a total transaction of C$27,931.55. Also, Director Timothy Quentin Haldane sold 25,000 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of C$4.97, for a total value of C$124,362.50. Insiders have sold a total of 31,735 shares of company stock worth $158,170 in the last ninety days. Insiders own 34.88% of the company’s stock.

Orla Mining Company Profile

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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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Analyst Recommendations for Orla Mining (TSE:OLA)

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