Orla Mining (TSE:OLA) Given New C$6.00 Price Target at Scotiabank

Orla Mining (TSE:OLA - Get Free Report) had its price objective increased by equities research analysts at Scotiabank from C$5.25 to C$6.00 in a research report issued on Thursday, BayStreet.CA reports. Scotiabank's price objective would indicate a potential downside of 2.91% from the company's previous close.

Separately, CIBC raised their price target on shares of Orla Mining from C$7.25 to C$7.50 in a research report on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of C$6.34.

Orla Mining Stock Up 9.4 %

TSE OLA traded up C$0.53 during trading hours on Thursday, hitting C$6.18. The company's stock had a trading volume of 1,101,427 shares, compared to its average volume of 464,761. Orla Mining has a 52 week low of C$3.53 and a 52 week high of C$6.18. The company has a market capitalization of C$1.98 billion, a PE ratio of -123.60 and a beta of 1.59. The company has a current ratio of 5.89, a quick ratio of 1.22 and a debt-to-equity ratio of 17.76. The company's 50-day simple moving average is C$5.49 and its two-hundred day simple moving average is C$5.43.

Orla Mining (TSE:OLA - Get Free Report) last announced its quarterly earnings results on Monday, August 12th. The company reported C$0.09 earnings per share for the quarter, missing the consensus estimate 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. Research analysts anticipate that Orla Mining will post 0.2979744 EPS for the current fiscal year.

Insider Buying and Selling at Orla Mining

In other Orla Mining news, Director Jean Robitaille sold 46,600 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$5.74, for a total value of C$267,549.24. In other 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 transaction of C$107,960.00. Also, Director Jean Robitaille sold 46,600 shares of the firm's stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$5.74, for a total transaction of C$267,549.24. In the last 90 days, insiders sold 101,000 shares of company stock worth $577,457. Insiders own 34.48% of the company's stock.

Orla Mining Company Profile

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.