BMO Capital Markets Increases Orla Mining (TSE:OLA) Price Target to C$30.00

Orla Mining (TSE:OLA) had its price target hoisted by research analysts at BMO Capital Markets from C$22.00 to C$30.00 in a report released on Monday,BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 17.10% from the company’s current price.

OLA has been the topic of several other reports. National Bankshares lifted their target price on Orla Mining from C$27.00 to C$29.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. Scotiabank lifted their price objective on Orla Mining from C$21.00 to C$26.50 in a report on Monday. CIBC increased their target price on Orla Mining from C$25.00 to C$27.00 in a research note on Monday, October 20th. TD Securities dropped their target price on shares of Orla Mining from C$28.00 to C$25.00 in a report on Thursday, January 22nd. Finally, Desjardins lifted their price target on shares of Orla Mining from C$28.00 to C$29.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$25.44.

Orla Mining Stock Performance

Shares of TSE:OLA opened at C$25.62 on Monday. The firm’s 50 day simple moving average is C$19.61 and its 200 day simple moving average is C$16.69. Orla Mining has a fifty-two week low of C$8.43 and a fifty-two week high of C$27.22. The company has a market capitalization of C$8.71 billion, a price-to-earnings ratio of 160.13 and a beta of 0.29. The company has a debt-to-equity ratio of 12.68, a current ratio of 4.54 and a quick ratio of 1.22.

Orla Mining (TSE:OLA) last issued its earnings results on Tuesday, November 11th. The company reported C$0.22 EPS for the quarter. The firm 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, sell-side analysts forecast that Orla Mining will post 0.3352878 earnings per share for the current year.

Insider Buying and Selling

In related 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 Schmidt sold 2,552 shares of Orla Mining stock in a transaction on Monday, November 24th. The shares were sold at an average price of C$17.44, for a total transaction of C$44,506.88. Following the completion of the sale, the insider owned 8,082 shares in the company, valued at C$140,950.08. The trade was a 24.00% decrease in their ownership of the stock. Over the last 90 days, insiders sold 77,828 shares of company stock worth $1,376,992. 51.68% of the stock is owned by insiders.

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.