Orla Mining (TSE:OLA) Given a C$7.50 Price Target by Stifel Nicolaus Analysts

Stifel Nicolaus set a C$7.50 price target on Orla Mining (TSE:OLA) in a report issued on Tuesday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

OLA has been the topic of several other reports. TD Securities decreased their price target on shares of Orla Mining from C$8.00 to C$7.50 and set a buy rating on the stock in a research note on Friday, August 4th. CIBC lifted their target price on shares of Orla Mining from C$7.00 to C$7.25 in a research note on Friday, July 14th.

Orla Mining Stock Performance

TSE:OLA opened at C$6.40 on Tuesday. The firm has a market capitalization of C$2.00 billion, a P/E ratio of 27.83 and a beta of 1.44. The company has a fifty day moving average of C$5.94 and a 200-day moving average of C$4.79. The company has a quick ratio of 1.22, a current ratio of 2.10 and a debt-to-equity ratio of 30.66. Orla Mining has a twelve month low of C$3.87 and a twelve month high of C$6.90.

Orla Mining (TSE:OLA) last issued its quarterly earnings results on Thursday, August 3rd. The company reported C$0.07 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.01. The company had revenue of C$79.62 million for the quarter. Orla Mining had a net margin of 24.82% and a return on equity of 16.08%. As a group, sell-side analysts anticipate that Orla Mining will post 0.2121212 EPS for the current year.

Insider Activity

In other news, Director Timothy Quentin Haldane sold 22,000 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of C$5.80, for a total transaction of C$127,600.00. In other Orla Mining news, Director Jean Robitaille sold 151,700 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of C$6.48, for a total value of C$982,303.01. Also, Director Timothy Quentin Haldane sold 22,000 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of C$5.80, for a total value of C$127,600.00. Insiders own 35.28% of the company’s stock.

Orla Mining Company Profile

Orla Mining Ltd. acquires, explores, operates, and develops mineral properties. The company explores for gold, silver, zinc, lead, and copper deposits. It owns 100% interests in the Camino Rojo project that consists of seven concessions covering an area of 138,636 hectares located in Zacatecas, Mexico; and Cerro Quema project totaling an area of 14,893 hectares located in the Azuero Peninsula, Panama.