Orla Mining (TSE:OLA) Raised to "Moderate Buy" at Desjardins

Orla Mining (TSE:OLA - Get Free Report) was upgraded by equities research analysts at Desjardins to a "moderate buy" rating in a note issued to investors on Thursday, Zacks.com reports.

Several other brokerages have also recently issued reports on OLA. CIBC upped their price objective on Orla Mining from C$7.25 to C$7.50 in a report on Wednesday, July 10th. Stifel Nicolaus upped their price objective on Orla Mining from C$6.50 to C$8.00 in a report on Monday, October 21st. Finally, Scotiabank upped their price objective on Orla Mining from C$5.25 to C$6.00 in a report on Thursday, October 10th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$6.56.

Orla Mining Price Performance

OLA stock traded down C$0.06 during midday trading on Thursday, hitting C$6.63. The company's stock had a trading volume of 127,126 shares, compared to its average volume of 457,482. Orla Mining has a 12 month low of C$3.53 and a 12 month high of C$7.16. The company has a quick ratio of 1.22, a current ratio of 5.89 and a debt-to-equity ratio of 17.76. The firm has a market capitalization of C$2.12 billion, a price-to-earnings ratio of -132.60 and a beta of 1.57. The company has a 50 day moving average of C$5.96 and a two-hundred day moving average of C$5.60.

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 the consensus estimate of C$0.10 by C($0.01). The firm had revenue of C$115.71 million for the quarter. Orla Mining had a negative return on equity of 2.50% and a negative net margin of 4.12%. On average, analysts expect that Orla Mining will post 0.3352878 EPS for the current year.

Insider Activity at Orla Mining

In other Orla Mining news, Director Jean Robitaille sold 46,600 shares of the company's stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$5.74, for a total value of C$267,549.24. In other Orla Mining news, Director Elizabeth Dianne Mcgregor sold 20,000 shares of the company's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of C$5.40, for a total value of C$107,960.00. Also, Director Jean Robitaille sold 46,600 shares of the company's stock in a transaction on 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 the last 90 days, insiders have sold 101,000 shares of company stock worth $577,457. 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.