Orla Mining (TSE:OLA) Price Target Raised to C$30.00 at BMO Capital Markets

Orla Mining (TSE:OLA) had its price target hoisted by BMO Capital Markets from C$22.00 to C$30.00 in a research report released on Monday,BayStreet.CA reports.

Other equities research analysts have also issued research reports about the stock. CIBC boosted their price target on shares of Orla Mining from C$25.00 to C$27.00 in a report on Monday, October 20th. TD Securities cut their price objective on shares of Orla Mining from C$28.00 to C$25.00 in a report on Thursday, January 22nd. Desjardins upped their target price on Orla Mining from C$28.00 to C$29.00 and gave the stock a “buy” rating in a report on Friday. Royal Bank Of Canada increased their target price on Orla Mining from C$26.00 to C$32.00 in a research report on Wednesday, December 10th. Finally, National Bankshares boosted their price target on Orla Mining from C$27.00 to C$29.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$25.44.

Orla Mining Price Performance

Shares of OLA stock opened at C$25.76 on Monday. Orla Mining has a twelve month low of C$8.34 and a twelve month high of C$27.22. 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 has a fifty day simple moving average of C$19.45 and a two-hundred day simple moving average of C$16.62. The stock has a market capitalization of C$8.76 billion, a price-to-earnings ratio of 161.00 and a beta of 0.29.

Orla Mining (TSE:OLA) last released 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. On average, analysts predict that Orla Mining will post 0.3352878 EPS for the current fiscal year.

Insider Activity

In other news, insider John Andrew Cormier sold 30,000 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of C$17.61, for a total transaction of C$528,300.00. Also, insider Paul Schmidt sold 2,552 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of C$17.44, for a total transaction of C$44,506.88. Following the completion of the sale, the insider directly owned 8,082 shares of the company’s stock, valued at C$140,950.08. This represents a 24.00% decrease in their position. 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 currently 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.