Orla Mining (TSE:OLA) Given New C$19.00 Price Target at Royal Bank Of Canada

Orla Mining (TSE:OLA) had its price objective cut by Royal Bank Of Canada from C$28.00 to C$19.00 in a report released on Thursday morning,BayStreet.CA reports.

Several other analysts have also issued reports on OLA. Desjardins set a C$35.00 target price on shares of Orla Mining and gave the company a “buy” rating in a research report on Thursday, April 23rd. TD Securities upgraded Orla Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to MarketBeat.com, Orla Mining currently has a consensus rating of “Buy” and an average target price of C$29.61.

Orla Mining Trading Up 3.2%

Shares of TSE:OLA opened at C$13.79 on Thursday. Orla Mining has a 12-month low of C$12.67 and a 12-month high of C$29.99. The company has a market capitalization of C$5.18 billion, a PE ratio of 19.15 and a beta of 1.33. The business has a 50 day moving average of C$16.20 and a two-hundred day moving average of C$20.18. The company has a current ratio of 1.06, a quick ratio of 1.22 and a debt-to-equity ratio of 42.47.

Orla Mining (TSE:OLA) last released its quarterly earnings data on Monday, May 11th. The company reported C$0.54 EPS for the quarter. Orla Mining had a return on equity of 40.70% and a net margin of 19.45%.The business had revenue of C$526.75 million for the quarter. As a group, analysts forecast that Orla Mining will post 0.3352878 EPS for the current year.

Orla Mining Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Tuesday, June 9th were issued a $0.015 dividend. This represents a $0.06 annualized dividend and a yield of 0.4%. The ex-dividend date was Tuesday, May 26th. Orla Mining’s payout ratio is presently 2.08%.

Insiders Place Their Bets

In other Orla Mining news, insider Ling Stephen sold 2,220 shares of the firm’s stock in a transaction on Monday, May 25th. The stock was sold at an average price of C$17.38, for a total transaction of C$38,583.60. Following the completion of the sale, the insider owned 1,915 shares of the company’s stock, valued at C$33,282.70. This trade represents a 53.69% decrease in their ownership of the stock. Insiders own 51.68% of the company’s stock.

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.