Orla Mining (TSE:OLA) Stock Rating Upgraded by ATB Cormark Capital Markets

Orla Mining (TSE:OLA) was upgraded by analysts at ATB Cormark Capital Markets from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has a C$35.00 price target on the stock, up from their prior price target of C$25.00. ATB Cormark Capital Markets’ price target suggests a potential upside of 34.67% from the stock’s previous close.

A number of other research firms also recently weighed in on OLA. National Bank Financial increased their target price on Orla Mining from C$27.00 to C$29.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. Royal Bank Of Canada upped their price target on shares of Orla Mining from C$26.00 to C$32.00 in a research report on Wednesday, December 10th. Stifel Nicolaus increased their price objective on shares of Orla Mining from C$28.00 to C$35.00 in a research note on Tuesday, February 10th. BMO Capital Markets boosted their target price on shares of Orla Mining from C$22.00 to C$30.00 in a research report on Monday, January 26th. Finally, TD Securities reduced their target price on shares of Orla Mining from C$28.00 to C$25.00 in a report on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$28.55.

Orla Mining Stock Performance

Orla Mining stock traded up C$0.39 during midday trading on Monday, reaching C$25.99. 787,715 shares of the company traded hands, compared to its average volume of 968,046. Orla Mining has a 12 month low of C$9.44 and a 12 month high of C$27.22. The company has a debt-to-equity ratio of 12.68, a current ratio of 4.54 and a quick ratio of 1.22. The business has a 50 day moving average of C$21.33 and a two-hundred day moving average of C$17.73. The firm has a market capitalization of C$8.83 billion, a price-to-earnings ratio of 162.44 and a beta of 0.38.

Orla Mining (TSE:OLA) last announced its earnings results on Tuesday, November 11th. The company reported C$0.22 earnings per share for the quarter. The business had revenue of C$382.88 million during the quarter. Orla Mining had a net margin of 3.15% and a return on equity of 2.24%. As a group, research analysts predict that Orla Mining will post 0.3352878 earnings per share for the current year.

Insider Transactions at Orla Mining

In other news, insider Paul Mann sold 15,864 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of C$18.40, for a total transaction of C$291,897.60. Following the completion of the transaction, the insider owned 205,647 shares in the company, valued at C$3,783,904.80. This trade represents a 7.16% decrease in their ownership of the stock. Corporate insiders own 51.68% of the company’s stock.

Orla Mining Company Profile

Orla Mining Ltd is a mineral exploration company. It is engaged in the acquisition and exploration of mineral properties. The company holds two gold projects; the Camino Rojo gold and silver project in Zacatecas State, Mexico, and the Cerro Quema gold project in Panama. It conducts business activities in the geographic areas of Mexico, Panama, the United States, and Canada.