Orla Mining (TSE:OLA) Given New C$8.00 Price Target at Stifel Nicolaus

Orla Mining (TSE:OLA - Free Report) had its price objective hoisted by Stifel Nicolaus from C$6.50 to C$8.00 in a research note published on Monday, BayStreet.CA reports.

Several other analysts also recently commented on the company. CIBC raised their price objective on Orla Mining from C$7.25 to C$7.50 in a research note on Wednesday, July 10th. Scotiabank increased their price target on Orla Mining from C$5.25 to C$6.00 in a report on Thursday, October 10th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$6.56.

Orla Mining Trading Up 1.5 %

OLA traded up C$0.10 during midday trading on Monday, reaching C$6.89. 298,696 shares of the company were exchanged, compared to its average volume of 466,601. The stock has a market capitalization of C$2.20 billion, a P/E ratio of -138.20 and a beta of 1.57. Orla Mining has a one year low of C$3.53 and a one year high of C$7.02. The stock's 50-day simple moving average is C$5.70 and its 200 day simple moving average is C$5.50. The company has a debt-to-equity ratio of 17.76, a quick ratio of 1.22 and a current ratio of 5.89.

Orla Mining (TSE:OLA - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of C$115.71 million for the quarter. As a group, analysts forecast that Orla Mining will post 0.3352878 earnings per share for the current fiscal year.

Insider Transactions at Orla Mining

In other news, Senior Officer Etienne Morin sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of C$5.86, for a total transaction of C$117,178.00. In other Orla Mining news, Senior Officer Etienne Morin sold 20,000 shares of the business's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of C$5.86, for a total transaction of C$117,178.00. Also, Senior Officer Andrew James Bradbury sold 12,500 shares of the firm's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of C$5.90, for a total value of C$73,750.00. Insiders sold 101,000 shares of company stock valued at $577,457 over the last three months. Company insiders own 51.68% 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.