Orla Mining (TSE:OLA) Upgraded at Desjardins

Desjardins upgraded shares of Orla Mining (TSE:OLA) to a moderate buy rating in a research note published on Thursday, Zacks.com reports.

Several other equities research analysts also recently commented on the stock. Stifel Nicolaus upped their price target on shares of Orla Mining from C$6.50 to C$8.00 in a research report on Monday, October 21st. CIBC increased their target price on Orla Mining from C$7.25 to C$7.50 in a report on Wednesday, July 10th. Finally, Scotiabank lifted their price target on Orla Mining from C$5.25 to C$6.00 in a report on Thursday, October 10th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$6.56.

Orla Mining Trading Down 0.9 %

TSE OLA opened at C$6.63 on Thursday. The firm has a market capitalization of C$2.12 billion, a PE ratio of -132.60 and a beta of 1.57. Orla Mining has a one year low of C$3.53 and a one year high of C$7.16. The company has a 50-day simple moving average of C$5.96 and a 200-day simple moving average of C$5.60. The company has a debt-to-equity ratio of 17.76, a quick ratio of 1.22 and a current ratio of 5.89.

Orla Mining (TSE:OLA) last posted its earnings results on Monday, August 12th. The company reported C$0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.01). The firm had revenue of C$115.71 million for the quarter. Orla Mining had a negative net margin of 4.12% and a negative return on equity of 2.50%. On average, equities analysts forecast that Orla Mining will post 0.3352878 earnings per share for the current year.

Insider Buying and Selling at Orla Mining

In other Orla Mining news, Senior Officer Etienne Morin sold 20,000 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of C$5.86, for a total transaction of C$117,178.00. In other news, Senior Officer Andrew James Bradbury sold 12,500 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$5.90, for a total value of C$73,750.00. Also, Senior Officer Etienne Morin sold 20,000 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of C$5.86, for a total transaction of C$117,178.00. Insiders have sold a total of 101,000 shares of company stock worth $577,457 over the last ninety days. Insiders own 51.68% of the company’s stock.

Orla Mining Company Profile

Orla Mining Ltd. acquires, explores, develops, and exploits 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; Cerro Quema project totaling an area of 15,000 hectares located in the Azuero Peninsula, Panama; and the South Railroad project consisting of an area of 21,000 hectares located in Elko, Nevada.