Orla Mining (TSE:OLA) Stock Price Expected to Rise, Desjardins Analyst Says

Orla Mining (TSE:OLA) had its price objective lifted by equities researchers at Desjardins from C$28.00 to C$29.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price objective would indicate a potential upside of 14.81% from the company’s previous close.

Several other equities analysts also recently weighed in on the company. Natl Bk Canada upgraded Orla Mining to a “strong-buy” rating in a research report on Monday, January 12th. Royal Bank Of Canada upped their price objective on shares of Orla Mining from C$26.00 to C$32.00 in a research note on Wednesday, December 10th. National Bankshares raised their target price on shares of Orla Mining from C$27.00 to C$29.00 and gave the stock an “outperform” rating in a research report on Thursday. TD Securities lowered their target price on shares of Orla Mining from C$28.00 to C$25.00 in a report on Thursday. Finally, CIBC upped their price target on shares of Orla Mining from C$25.00 to C$27.00 in a research report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$23.38.

Orla Mining Stock Performance

Shares of OLA opened at C$25.26 on Friday. Orla Mining has a 1 year low of C$8.34 and a 1 year high of C$25.35. The company’s 50 day simple moving average is C$19.28 and its 200 day simple moving average is C$16.53. The company has a market capitalization of C$8.59 billion, a price-to-earnings ratio of 157.88 and a beta of 0.29. The company has a debt-to-equity ratio of 12.68, a quick ratio of 1.22 and a current ratio of 4.54.

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

Insider Buying and Selling at Orla Mining

In other news, insider John Andrew Cormier sold 30,000 shares of the firm’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of C$17.61, for a total value of C$528,300.00. Also, insider Paul Mann sold 15,864 shares of the firm’s stock in a transaction on Tuesday, December 16th. The shares were 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 directly owned 205,647 shares in the company, valued at approximately C$3,783,904.80. This represents a 7.16% decrease in their position. Insiders have sold a total of 77,828 shares of company stock valued at $1,376,992 over the last ninety days. 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.