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

Orla Mining (TSE:OLA) had its target price upped by research analysts at Scotiabank from C$6.75 to C$7.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Scotiabank’s price target suggests a potential upside of 21.32% from the stock’s previous close.

A number of other research analysts have also recently commented on the company. Stifel Nicolaus increased their price target on Orla Mining from C$5.25 to C$6.00 in a research note on Friday, April 19th. Desjardins decreased their price objective on Orla Mining from C$7.25 to C$6.50 and set a “buy” rating for the company in a report on Wednesday, January 17th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Orla Mining currently has an average rating of “Moderate Buy” and an average price target of C$6.44.

Orla Mining Trading Up 1.4 %

Shares of OLA stock opened at C$5.77 on Wednesday. The company has a current ratio of 5.07, a quick ratio of 1.22 and a debt-to-equity ratio of 22.78. The stock has a market cap of C$1.83 billion, a P/E ratio of -48.08 and a beta of 1.60. The stock has a 50 day simple moving average of C$5.26 and a 200 day simple moving average of C$4.67. Orla Mining has a 1 year low of C$3.53 and a 1 year high of C$6.52.

Orla Mining (TSE:OLA) last released its earnings results on Tuesday, March 19th. The company reported C$0.07 earnings per share for the quarter, topping the consensus estimate of C$0.05 by C$0.02. Orla Mining had a negative return on equity of 6.77% and a negative net margin of 11.56%. The firm had revenue of C$85.70 million during the quarter. On average, research analysts predict that Orla Mining will post 0.1922246 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

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.