Orla Mining (TSE:OLA – Free Report) had its target price lifted by Stifel Nicolaus from C$6.50 to C$8.00 in a report released on Monday, BayStreet.CA reports.
A number of other equities analysts also recently commented on OLA. Scotiabank increased their price objective on Orla Mining from C$5.25 to C$6.00 in a report on Thursday, October 10th. CIBC increased their price target on shares of Orla Mining from C$7.25 to C$7.50 in a research note on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Orla Mining presently has a consensus rating of “Moderate Buy” and a consensus price target of C$6.56.
Orla Mining Stock Down 2.0 %
Orla Mining (TSE:OLA – Get Free Report) last issued its earnings results on Monday, August 12th. The company reported C$0.09 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 during the quarter. On average, equities analysts anticipate that Orla Mining will post 0.3352878 earnings per share for the current fiscal year.
Insider Activity
In related news, Director Elizabeth Dianne Mcgregor sold 20,000 shares of Orla Mining stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of C$5.40, for a total transaction of C$107,960.00. In related news, Director Jean Robitaille sold 46,600 shares of the business’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. Also, Director Elizabeth Dianne Mcgregor sold 20,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of C$5.40, for a total transaction of C$107,960.00. Over the last 90 days, insiders sold 101,000 shares of company stock valued at $577,457. 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.
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