Orla Mining (TSE:OLA) Upgraded at Natl Bk Canada

Orla Mining (TSE:OLA) was upgraded by Natl Bk Canada to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

A number of other analysts have also recently commented on the stock. CIBC lifted their target price on shares of Orla Mining from C$25.00 to C$27.00 in a research note on Monday, October 20th. Royal Bank Of Canada increased their price target on shares of Orla Mining from C$26.00 to C$32.00 in a report on Wednesday, December 10th. Finally, National Bankshares set a C$27.00 target price on Orla Mining and gave the stock an “outperform” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$19.09.

Orla Mining Price Performance

OLA opened at C$20.95 on Monday. The company has a market cap of C$7.12 billion, a price-to-earnings ratio of 130.94 and a beta of 0.29. The company has a current ratio of 4.54, a quick ratio of 1.22 and a debt-to-equity ratio of 12.68. Orla Mining has a 12-month low of C$7.90 and a 12-month high of C$21.33. The stock has a fifty day simple moving average of C$18.15 and a two-hundred day simple moving average of C$16.08.

Orla Mining (TSE:OLA) last posted its earnings results on Tuesday, November 11th. The company reported C$0.22 earnings per share (EPS) for the quarter. Orla Mining had a net margin of 3.15% and a return on equity of 2.24%. The business had revenue of C$382.88 million for the quarter. Research analysts predict that Orla Mining will post 0.3352878 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Paul Schmidt sold 2,552 shares of the stock in a transaction dated Monday, November 24th. The stock was sold at an average price of C$17.44, for a total transaction of C$44,506.88. Following the completion of the transaction, the insider directly owned 8,082 shares in the company, valued at approximately C$140,950.08. This trade represents a 24.00% decrease in their ownership of the stock. Also, insider Paul Mann sold 15,864 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of C$18.40, for a total transaction of C$291,897.60. Following the completion of the transaction, the insider owned 205,647 shares in the company, valued at approximately C$3,783,904.80. This represents a 7.16% decrease in their ownership of the stock. In the last three months, insiders sold 77,828 shares of company stock valued at $1,376,992. 51.68% of the stock is owned by corporate insiders.

Orla Mining Company Profile

Orla Mining Ltd is a mineral exploration company. It is engaged in the acquisition and exploration of mineral properties. The company holds two gold projects; the Camino Rojo gold and silver project in Zacatecas State, Mexico, and the Cerro Quema gold project in Panama. It conducts business activities in the geographic areas of Mexico, Panama, the United States, and Canada.