TD Securities Cuts Orla Mining (TSE:OLA) Price Target to C$25.00

Orla Mining (TSE:OLA) had its target price lowered by TD Securities from C$28.00 to C$25.00 in a research report released on Thursday morning,BayStreet.CA reports.

Several other analysts also recently issued reports on OLA. National Bankshares set a C$27.00 target price on Orla Mining and gave the company an “outperform” rating in a research note on Tuesday, January 13th. Royal Bank Of Canada increased their price objective on shares of Orla Mining from C$26.00 to C$32.00 in a report on Wednesday, December 10th. Natl Bk Canada raised shares of Orla Mining to a “strong-buy” rating in a report on Monday, January 12th. Finally, CIBC upped their target price on shares of Orla Mining from C$25.00 to C$27.00 in a research report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$23.38.

Orla Mining Stock Up 5.2%

OLA opened at C$25.26 on Thursday. The stock has a market cap of C$8.59 billion, a price-to-earnings ratio of 157.88 and a beta of 0.29. The company has a debt-to-equity ratio of 12.68, a quick ratio of 1.22 and a current ratio of 4.54. The firm’s fifty day moving average is C$19.28 and its 200 day moving average is C$16.53. Orla Mining has a fifty-two week low of C$8.34 and a fifty-two week high of C$25.35.

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

Insider Buying and Selling at Orla Mining

In other Orla Mining news, insider John Andrew Cormier sold 30,000 shares of Orla Mining stock in a transaction on Monday, November 24th. The shares were sold at an average price of C$17.61, for a total value of C$528,300.00. Also, insider Paul Mann sold 15,864 shares of the company’s stock in a transaction dated 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 sale, the insider owned 205,647 shares in the company, valued at C$3,783,904.80. This represents a 7.16% decrease in their ownership of the stock. Insiders sold 77,828 shares of company stock worth $1,376,992 over the last 90 days. 51.68% of the stock is owned by insiders.

About Orla Mining

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.