Orla Mining (TSE:OLA) Price Target Cut to C$29.00 by Analysts at Desjardins

Orla Mining (TSE:OLA) had its price target lowered by Desjardins from C$30.00 to C$29.00 in a research note released on Monday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other equities analysts also recently commented on OLA. Royal Bank Of Canada cut their price target on shares of Orla Mining from C$28.00 to C$19.00 in a report on Thursday, July 9th. TD Securities raised shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 20th. Finally, Canadian Imperial Bank of Commerce downgraded shares of Orla Mining from an “outperformer” rating to a “tender” rating and decreased their price objective for the stock from C$32.00 to C$27.00 in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$28.39.

Orla Mining Stock Up 2.4%

Shares of OLA opened at C$13.39 on Monday. The company has a quick ratio of 1.22, a current ratio of 1.06 and a debt-to-equity ratio of 42.47. The business has a fifty day moving average of C$14.69 and a 200 day moving average of C$19.65. The company has a market cap of C$5.03 billion, a PE ratio of 18.60 and a beta of 1.33. Orla Mining has a 52-week low of C$11.81 and a 52-week high of C$29.99.

Orla Mining (TSE:OLA) last posted its quarterly earnings data on Monday, May 11th. The company reported C$0.54 earnings per share for the quarter. Orla Mining had a net margin of 19.45% and a return on equity of 40.70%. The business had revenue of C$526.75 million for the quarter. On average, sell-side analysts expect that Orla Mining will post 0.3352878 EPS for the current year.

Orla Mining Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, June 9th were given a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Tuesday, May 26th. Orla Mining’s dividend payout ratio (DPR) is 2.08%.

Insider Activity

In other news, insider Ling Stephen sold 2,220 shares of the business’s stock in a transaction on Monday, May 25th. The shares were 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 directly owned 1,915 shares of the company’s stock, valued at approximately C$33,282.70. The trade was a 53.69% decrease in their ownership of the stock. Corporate 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.