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

Shares of Orla Mining Ltd. (TSE:OLA) have received an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$6.31.

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

Insider Buying and Selling

In other Orla Mining news, Senior Officer John Andrew Cormier sold 35,000 shares of Orla Mining stock in a transaction on Friday, May 17th. The shares were sold at an average price of C$5.93, for a total value of C$207,438.00. In other Orla Mining news, Director Robert Ljubomir Krcmarov bought 7,273 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was purchased at an average price of C$5.50 per share, with a total value of C$40,023.32. Also, Senior Officer John Andrew Cormier sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of C$5.93, for a total transaction of C$207,438.00. Over the last quarter, insiders sold 213,100 shares of company stock valued at $1,221,467. Insiders own 34.72% of the company’s stock.

Orla Mining Trading Down 2.6 %

TSE:OLA opened at C$4.91 on Monday. Orla Mining has a 52-week low of C$3.53 and a 52-week high of C$6.52. The company has a quick ratio of 1.22, a current ratio of 5.68 and a debt-to-equity ratio of 21.76. The stock has a fifty day simple moving average of C$5.38 and a 200-day simple moving average of C$5.17. The company has a market capitalization of C$1.56 billion, a PE ratio of -40.92 and a beta of 1.59.

Orla Mining (TSE:OLA) last announced its earnings results on Tuesday, May 14th. The company reported C$0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.01. The company had revenue of C$90.70 million during the quarter. Orla Mining had a negative net margin of 9.11% and a negative return on equity of 5.47%. On average, equities research analysts expect that Orla Mining will post 0.2246178 earnings per share for the current fiscal 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.