TD Securities Lowers Orla Mining (TSE:OLA) Price Target to C$25.00

Orla Mining (TSE:OLA) had its price target decreased by stock analysts at TD Securities from C$28.00 to C$25.00 in a note issued to investors on Thursday,BayStreet.CA reports. TD Securities’ target price indicates a potential downside of 1.03% from the stock’s current price.

Several other analysts also recently weighed in on the company. National Bankshares set a C$27.00 target price on Orla Mining and gave the company an “outperform” rating in a research note on Tuesday, January 13th. Royal Bank Of Canada raised their price target on Orla Mining from C$26.00 to C$32.00 in a report on Wednesday, December 10th. Natl Bk Canada upgraded shares of Orla Mining to a “strong-buy” rating in a research note on Monday, January 12th. Finally, CIBC upped their price objective on shares of Orla Mining from C$25.00 to C$27.00 in a report on Monday, October 20th. 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. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$23.38.

Orla Mining Trading Up 5.2%

Orla Mining stock opened at C$25.26 on Thursday. Orla Mining has a 52-week low of C$8.34 and a 52-week high of C$25.35. The company has a quick ratio of 1.22, a current ratio of 4.54 and a debt-to-equity ratio of 12.68. The firm has a market capitalization of C$8.59 billion, a price-to-earnings ratio of 157.88 and a beta of 0.29. The firm has a 50-day moving average price of C$19.28 and a two-hundred day moving average price of C$16.51.

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

Insiders Place Their Bets

In other news, insider John Andrew Cormier sold 30,000 shares of Orla Mining stock in a transaction that occurred 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 the business’s stock in a transaction that occurred on Monday, November 24th. The stock was 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 three months, insiders have sold 77,828 shares of company stock worth $1,376,992. 51.68% of the stock is owned by corporate 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.