Stifel Nicolaus Boosts Orla Mining (TSE:OLA) Price Target to C$35.00

Orla Mining (TSE:OLA) had its target price hoisted by investment analysts at Stifel Nicolaus from C$28.00 to C$35.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. Stifel Nicolaus’ price target points to a potential upside of 49.57% from the company’s current price.

Other research analysts also recently issued research reports about the company. Scotiabank boosted their target price on Orla Mining from C$21.00 to C$26.50 in a research note on Monday, January 26th. Desjardins boosted their target price on shares of Orla Mining from C$28.00 to C$29.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. BMO Capital Markets upped their price target on shares of Orla Mining from C$22.00 to C$30.00 in a report on Monday, January 26th. National Bank Financial increased their price target on Orla Mining from C$27.00 to C$29.00 and gave the company an “outperform” rating in a research note on Thursday, January 22nd. Finally, Natl Bk Canada raised Orla Mining to a “strong-buy” rating in a report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. Based on data from MarketBeat, Orla Mining currently has a consensus rating of “Buy” and a consensus target price of C$27.83.

Orla Mining Stock Performance

Shares of TSE:OLA opened at C$23.40 on Tuesday. Orla Mining has a 1 year low of C$9.44 and a 1 year high of C$27.22. The stock has a market capitalization of C$7.95 billion, a price-to-earnings ratio of 146.25 and a beta of 0.38. 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 company’s 50 day simple moving average is C$20.49 and its 200 day simple moving average is C$17.20.

Orla Mining (TSE:OLA) last issued its 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 firm had revenue of C$382.88 million for the quarter. As a group, research analysts predict that Orla Mining will post 0.3352878 EPS 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 that occurred 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 sale, 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 position. Also, insider John Andrew Cormier sold 30,000 shares of the 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. Insiders have sold a total of 77,828 shares of company stock worth $1,376,992 over the last three months. 51.68% of the stock is currently owned by 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.