National Bankshares Issues Positive Forecast for Orla Mining (TSE:OLA) Stock Price

Orla Mining (TSE:OLA) had its target price upped by National Bankshares from C$27.00 to C$29.00 in a report published on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities research analysts also recently issued reports about the company. Royal Bank Of Canada lifted their price objective on Orla Mining from C$26.00 to C$32.00 in a report on Wednesday, December 10th. CIBC raised their price target on shares of Orla Mining from C$25.00 to C$27.00 in a research report on Monday, October 20th. TD Securities dropped their price target on shares of Orla Mining from C$28.00 to C$25.00 in a research note on Thursday. Finally, Natl Bk Canada upgraded shares of Orla Mining to a “strong-buy” rating in a research note on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$21.38.

Orla Mining Stock Performance

Shares of OLA stock opened at C$24.02 on Thursday. The company has a debt-to-equity ratio of 12.68, a current ratio of 4.54 and a quick ratio of 1.22. The company’s fifty day moving average price is C$19.11 and its two-hundred day moving average price is C$16.44. The firm has a market capitalization of C$8.16 billion, a P/E ratio of 150.13 and a beta of 0.29. Orla Mining has a 12 month low of C$8.34 and a 12 month high of C$24.34.

Orla Mining (TSE:OLA) last announced its earnings results on Tuesday, November 11th. The company reported C$0.22 earnings per share (EPS) for the quarter. Orla Mining had a return on equity of 2.24% and a net margin of 3.15%.The business had revenue of C$382.88 million for the quarter. On average, research analysts anticipate that Orla Mining will post 0.3352878 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Paul Schmidt sold 2,552 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of C$17.44, for a total transaction of C$44,506.88. Following the completion of the transaction, the insider directly owned 8,082 shares of the company’s stock, valued at approximately C$140,950.08. This represents a 24.00% decrease in their ownership of the stock. Also, insider Paul Mann sold 15,864 shares of the 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 value of C$291,897.60. Following the sale, the insider owned 205,647 shares in the company, valued at C$3,783,904.80. The trade was a 7.16% decrease in their ownership of the stock. Insiders have sold a total of 77,828 shares of company stock worth $1,376,992 over the last quarter. 51.68% of the stock is owned by company insiders.

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.