Orla Mining (TSE:OLA) Given New C$25.00 Price Target at TD Securities

Orla Mining (TSE:OLA) had its price objective reduced by TD Securities from C$28.00 to C$25.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports.

Other analysts also recently issued reports about the company. CIBC lifted their price target on Orla Mining from C$25.00 to C$27.00 in a research note on Monday, October 20th. Royal Bank Of Canada raised their target price on Orla Mining from C$26.00 to C$32.00 in a report on Wednesday, December 10th. National Bankshares set a C$27.00 target price on shares of Orla Mining and gave the stock an “outperform” rating in a research report on Tuesday, January 13th. Finally, Natl Bk Canada upgraded shares of Orla Mining to a “strong-buy” rating in a report on Monday, January 12th. One investment 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. According to MarketBeat, Orla Mining presently has an average rating of “Buy” and a consensus price target of C$21.38.

Orla Mining Trading Up 6.4%

TSE OLA opened at C$24.02 on Thursday. The company has a quick ratio of 1.22, a current ratio of 4.54 and a debt-to-equity ratio of 12.68. The stock 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 52-week low of C$8.34 and a 52-week high of C$24.34. The firm has a 50-day moving average price of C$19.11 and a 200 day moving average price of C$16.44.

Orla Mining (TSE:OLA) last announced 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 company had revenue of C$382.88 million for the quarter. Equities research analysts expect that Orla Mining will post 0.3352878 EPS for the current year.

Insider Buying and Selling at Orla Mining

In other Orla Mining news, insider Paul Mann sold 15,864 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were 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 in the company, valued at approximately C$3,783,904.80. This trade represents a 7.16% decrease in their position. Also, insider Paul Schmidt sold 2,552 shares of Orla Mining stock in a transaction dated 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 transaction, the insider owned 8,082 shares of the company’s stock, valued at approximately C$140,950.08. The trade was a 24.00% decrease in their position. In the last three months, insiders sold 77,828 shares of company stock worth $1,376,992. 51.68% of the stock is owned by corporate 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.