Orla Mining (OLA) to Release Earnings on Wednesday

Orla Mining (TSE:OLA - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Wednesday, November 13th. Analysts expect the company to announce earnings of C$0.10 per share for the quarter.

Orla Mining (TSE:OLA - Get Free Report) last announced its earnings results on Monday, August 12th. The company reported C$0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.10 by C($0.01). Orla Mining had a negative net margin of 4.12% and a negative return on equity of 2.50%. The business had revenue of C$115.71 million during the quarter.

Orla Mining Stock Down 2.0 %

Shares of OLA stock traded down C$0.13 during mid-day trading on Wednesday, reaching C$6.45. 367,567 shares of the company were exchanged, compared to its average volume of 454,453. The company has a debt-to-equity ratio of 17.76, a quick ratio of 1.22 and a current ratio of 5.89. The business's 50 day simple moving average is C$5.99 and its 200 day simple moving average is C$5.62. The company has a market capitalization of C$2.06 billion, a P/E ratio of -129.00 and a beta of 1.57. Orla Mining has a fifty-two week low of C$3.53 and a fifty-two week high of C$7.16.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Scotiabank raised their price objective on shares of Orla Mining from C$5.25 to C$6.00 in a report on Thursday, October 10th. Desjardins raised Orla Mining to a "moderate buy" rating in a report on Thursday, October 31st. CIBC increased their target price on Orla Mining from C$7.25 to C$7.50 in a report on Wednesday, July 10th. Finally, Stifel Nicolaus boosted their price target on Orla Mining from C$6.50 to C$8.00 in a report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$6.56.

Insider Activity

In related news, Senior Officer Andrew James Bradbury sold 12,500 shares of the company's stock in a transaction on Thursday, September 12th. The stock was sold at an average price of C$5.90, for a total transaction of C$73,750.00. In other Orla Mining news, Director Elizabeth Dianne Mcgregor sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of C$5.40, for a total value of C$107,960.00. Also, Senior Officer Andrew James Bradbury sold 12,500 shares of the business's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$5.90, for a total value of C$73,750.00. Over the last ninety days, insiders sold 101,000 shares of company stock valued at $577,457. 51.68% of the stock is currently owned by insiders.

About Orla Mining

Orla Mining Ltd. acquires, explores, develops, and exploits mineral properties. The company explores for gold, silver, zinc, lead, and copper deposits. It owns 100% interests in the Camino Rojo project that consists of seven concessions covering an area of 138,636 hectares located in Zacatecas, Mexico; Cerro Quema project totaling an area of 15,000 hectares located in the Azuero Peninsula, Panama; and the South Railroad project consisting of an area of 21,000 hectares located in Elko, Nevada.