Orla Mining (TSE:OLA) Rating Increased to Outperform at ATB Cormark Capital Markets

ATB Cormark Capital Markets upgraded shares of Orla Mining (TSE:OLA) from a sector perform rating to an outperform rating in a report published on Monday morning,BayStreet.CA reports. The firm currently has C$35.00 price target on the stock, up from their previous price target of C$25.00.

A number of other research analysts also recently issued reports on OLA. Canadian Imperial Bank of Commerce increased their price objective on Orla Mining from C$27.00 to C$32.00 in a report on Wednesday, February 4th. Desjardins upped their price target on Orla Mining from C$28.00 to C$29.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Royal Bank Of Canada lifted their price objective on shares of Orla Mining from C$26.00 to C$32.00 in a report on Wednesday, December 10th. Stifel Nicolaus boosted their price objective on shares of Orla Mining from C$28.00 to C$35.00 in a research report on Tuesday, February 10th. Finally, National Bank Financial increased their target price on shares of Orla Mining from C$27.00 to C$29.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$28.55.

Orla Mining Trading Up 2.9%

Shares of TSE:OLA opened at C$26.33 on Monday. The firm has a market cap of C$8.95 billion, a price-to-earnings ratio of 164.56 and a beta of 0.38. Orla Mining has a 12 month low of C$9.44 and a 12 month high of C$27.22. The company’s fifty day simple moving average is C$21.49 and its 200 day simple moving average is C$17.82. The company has a quick ratio of 1.22, a current ratio of 4.54 and a debt-to-equity ratio of 12.68.

Orla Mining (TSE:OLA) last released 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 firm had revenue of C$382.88 million during the quarter. As a group, research analysts forecast that Orla Mining will post 0.3352878 EPS for the current fiscal year.

Insiders Place Their Bets

In other Orla Mining news, insider Paul Mann sold 15,864 shares of the company’s stock in a transaction on 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 sale, the insider directly owned 205,647 shares of the company’s stock, valued at approximately C$3,783,904.80. This represents a 7.16% decrease in their ownership of the stock. Insiders own 51.68% of the company’s stock.

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.