Orla Mining (TSE:OLA) Given New C$29.00 Price Target at Desjardins

Orla Mining (TSE:OLA) had its price target increased by Desjardins from C$28.00 to C$29.00 in a research report report published on Friday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

OLA has been the topic of a number of other reports. Royal Bank Of Canada increased their price objective on shares of Orla Mining from C$26.00 to C$32.00 in a research note on Wednesday, December 10th. National Bankshares upped their target price on shares of Orla Mining from C$27.00 to C$29.00 and gave the company an “outperform” rating in a research note on Thursday. TD Securities decreased their price target on Orla Mining from C$28.00 to C$25.00 in a research note on Thursday. Natl Bk Canada raised Orla Mining to a “strong-buy” rating in a report on Monday, January 12th. Finally, CIBC increased their target price on Orla Mining from C$25.00 to C$27.00 in a report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$23.38.

Orla Mining Trading Up 5.2%

TSE:OLA opened at C$25.26 on Friday. The company has a debt-to-equity ratio of 12.68, a quick ratio of 1.22 and a current ratio of 4.54. Orla Mining has a one year low of C$8.34 and a one year high of C$25.35. The business’s 50-day simple moving average is C$19.28 and its 200 day simple moving average is C$16.51. The stock has a market cap of C$8.59 billion, a price-to-earnings ratio of 157.88 and a beta of 0.29.

Orla Mining (TSE:OLA) last issued its quarterly earnings data 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 during the quarter. As a group, sell-side analysts predict that Orla Mining will post 0.3352878 earnings per share for the current fiscal year.

Insider Activity at Orla Mining

In other news, insider Paul Mann sold 15,864 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of C$18.40, for a total transaction of C$291,897.60. Following the completion of the transaction, the insider directly owned 205,647 shares of the company’s stock, valued at approximately C$3,783,904.80. This represents a 7.16% decrease in their ownership of the stock. Also, insider John Andrew Cormier sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of C$17.61, for a total value of C$528,300.00. Insiders sold a total of 77,828 shares of company stock valued at $1,376,992 in the last quarter. 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.