Orla Mining (TSE:OLA) Given New C$35.00 Price Target at Stifel Nicolaus

Orla Mining (TSE:OLA) had its price target increased by Stifel Nicolaus from C$28.00 to C$35.00 in a research report released on Tuesday morning,BayStreet.CA reports.

OLA has been the subject of a number of other research reports. Royal Bank Of Canada increased their target price on shares of Orla Mining from C$26.00 to C$32.00 in a research report on Wednesday, December 10th. Scotiabank boosted their price objective on shares of Orla Mining from C$21.00 to C$26.50 in a research note on Monday, January 26th. Natl Bk Canada raised shares of Orla Mining to a “strong-buy” rating in a research note on Monday, January 12th. National Bankshares lifted 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 report on Thursday, January 22nd. Finally, TD Securities decreased their price target on shares of Orla Mining from C$28.00 to C$25.00 in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$27.83.

Orla Mining Trading Up 0.5%

Shares of OLA opened at C$23.67 on Tuesday. Orla Mining has a twelve month low of C$9.44 and a twelve month high of C$27.22. The firm has a market capitalization of C$8.05 billion, a P/E ratio of 147.94 and a beta of 0.38. The company has a current ratio of 4.54, a quick ratio of 1.22 and a debt-to-equity ratio of 12.68. The stock’s fifty day simple moving average is C$20.39 and its 200 day simple moving average is C$17.15.

Orla Mining (TSE:OLA) last posted its quarterly earnings results on Tuesday, November 11th. The company reported C$0.22 earnings per share (EPS) for the quarter. The firm had revenue of C$382.88 million during the quarter. Orla Mining had a return on equity of 2.24% and a net margin of 3.15%. On average, equities research 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 news, insider Paul Mann sold 15,864 shares of the firm’s stock in a transaction dated 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 sale, the insider directly owned 205,647 shares in the company, valued at C$3,783,904.80. This trade represents a 7.16% decrease in their ownership of the stock. Also, insider Paul Schmidt sold 2,552 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of C$17.44, for a total value of C$44,506.88. Following the completion of the transaction, the insider owned 8,082 shares in the company, valued at approximately C$140,950.08. This trade represents a 24.00% decrease in their position. Insiders sold a total of 77,828 shares of company stock valued at $1,376,992 in the last ninety days. Insiders own 51.68% of the company’s stock.

Orla Mining Company Profile

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.