Scotiabank Forecasts Strong Price Appreciation for Orla Mining (TSE:OLA) Stock

Orla Mining (TSE:OLA) had its price target lifted by stock analysts at Scotiabank from C$21.00 to C$26.50 in a note issued to investors on Monday,BayStreet.CA reports. Scotiabank’s target price indicates a potential upside of 3.43% from the stock’s previous close. Scotiabank also issued estimates for Orla Mining’s FY2026 earnings at $1.38 EPS and FY2027 earnings at $1.24 EPS.

Other equities research analysts have also issued reports about the stock. CIBC lifted their price target on shares of Orla Mining from C$25.00 to C$27.00 in a report on Monday, October 20th. Desjardins raised their target price on shares of Orla Mining from C$28.00 to C$29.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. TD Securities lowered their price target on shares of Orla Mining from C$28.00 to C$25.00 in a report on Thursday, January 22nd. Natl Bk Canada upgraded Orla Mining to a “strong-buy” rating in a research note on Monday, January 12th. Finally, Royal Bank Of Canada raised their price objective on Orla Mining from C$26.00 to C$32.00 in a report on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$25.44.

Orla Mining Price Performance

Orla Mining stock opened at C$25.62 on Monday. 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 has a 52 week low of C$8.43 and a 52 week high of C$27.22. The stock has a market capitalization of C$8.71 billion, a P/E ratio of 160.13 and a beta of 0.29. The stock has a fifty day moving average of C$19.61 and a 200-day moving average of C$16.69.

Orla Mining (TSE:OLA) last released its quarterly earnings data 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 for the quarter. Orla Mining had a return on equity of 2.24% and a net margin of 3.15%. On average, sell-side analysts expect that Orla Mining will post 0.3352878 earnings per share for the current fiscal year.

Insider Buying and Selling at Orla Mining

In other news, 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 owned 205,647 shares of the company’s stock, valued at approximately C$3,783,904.80. This trade represents a 7.16% decrease in their ownership of the stock. Also, insider John Andrew Cormier sold 30,000 shares of Orla Mining stock in a transaction on Monday, November 24th. The stock was sold at an average price of C$17.61, for a total transaction of C$528,300.00. In the last ninety days, insiders sold 77,828 shares of company stock worth $1,376,992. 51.68% of the stock is currently owned by company insiders.

About Orla Mining

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.