Orla Mining (TSE:OLA – Free Report) had its price objective upped by CIBC from C$7.25 to C$7.50 in a research note published on Wednesday morning, BayStreet.CA reports.
Other equities research analysts also recently issued reports about the company. TD Securities decreased their price objective on Orla Mining from C$6.00 to C$5.50 and set a hold rating on the stock in a research report on Wednesday, May 15th. Scotiabank lowered Orla Mining from an outperform rating to a sector perform rating and set a C$5.75 price target on the stock. in a report on Thursday, May 23rd. Stifel Nicolaus lifted their price objective on shares of Orla Mining from C$6.00 to C$6.25 and gave the stock a buy rating in a research note on Wednesday, May 15th. Finally, Desjardins boosted their price objective on shares of Orla Mining from C$6.75 to C$7.00 and gave the company a buy rating in a research report on Wednesday, May 15th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of C$6.31.
Orla Mining Trading Up 4.5 %
Orla Mining (TSE:OLA – Get Free Report) last issued its quarterly earnings data on Tuesday, May 14th. The company reported C$0.07 EPS for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.01. The business had revenue of C$90.70 million during the quarter. Orla Mining had a negative net margin of 9.11% and a negative return on equity of 5.47%. Sell-side analysts anticipate that Orla Mining will post 0.2246178 earnings per share for the current fiscal year.
Insider Activity at Orla Mining
In other Orla Mining news, Senior Officer John Andrew Cormier sold 35,000 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of C$5.93, for a total value of C$207,438.00. In other Orla Mining news, Senior Officer John Andrew Cormier sold 35,000 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of C$5.93, for a total value of C$207,438.00. Also, Director Robert Ljubomir Krcmarov bought 7,273 shares of Orla Mining stock in a transaction dated Wednesday, June 12th. The shares were bought at an average cost of C$5.50 per share, for a total transaction of C$40,023.32. Insiders sold a total of 213,100 shares of company stock worth $1,221,467 in the last quarter. 34.72% 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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