Orla Mining (TSE:OLA – Get Free Report) had its price objective upped by Stifel Nicolaus from C$6.50 to C$8.00 in a note issued to investors on Monday, BayStreet.CA reports. Stifel Nicolaus’ target price would suggest a potential upside of 15.77% from the stock’s current price.
Other analysts have also recently issued reports about the company. Scotiabank upped their target price on Orla Mining from C$5.25 to C$6.00 in a report on Thursday, October 10th. CIBC increased their price target on Orla Mining from C$7.25 to C$7.50 in a 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. According to data from MarketBeat, Orla Mining currently has a consensus rating of “Moderate Buy” and a consensus price target of C$6.56.
Check Out Our Latest Report on OLA
Orla Mining Trading Up 1.8 %
Orla Mining (TSE:OLA – Get Free Report) last announced its earnings results on Monday, August 12th. The company reported C$0.09 EPS 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 company had revenue of C$115.71 million during the quarter. Research analysts predict that Orla Mining will post 0.3352878 earnings per share for the current fiscal year.
Insider Transactions at Orla Mining
In other news, Director Elizabeth Dianne Mcgregor sold 20,000 shares of the company’s stock in a transaction that occurred on 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 other news, Director Elizabeth Dianne Mcgregor sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was 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 company’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 value of C$267,549.24. Insiders have sold 101,000 shares of company stock valued at $577,457 over the last ninety days. 51.68% of the stock is owned by company 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.
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