Orla Mining (OLA) Scheduled to Post Earnings on Monday

Orla Mining (TSE:OLA) will issue its quarterly earnings data after the market closes on Monday, August 12th. Analysts expect Orla Mining to post earnings of C$0.05 per share for the quarter.

Orla Mining (TSE:OLA) last announced its quarterly earnings data on Tuesday, May 14th. The company reported C$0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.06 by C$0.01. The company 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%.

Orla Mining Trading Down 0.6 %

Shares of OLA opened at C$4.80 on Friday. The stock’s fifty day simple moving average is C$5.29 and its 200 day simple moving average is C$5.18. Orla Mining has a twelve month low of C$3.53 and a twelve month high of C$6.52. The company has a current ratio of 5.68, a quick ratio of 1.22 and a debt-to-equity ratio of 21.76. The firm has a market capitalization of C$1.53 billion, a P/E ratio of -40.00 and a beta of 1.59.

Analysts Set New Price Targets

A number of research firms recently issued reports on OLA. Desjardins increased their target price on shares of Orla Mining from C$6.75 to C$7.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. CIBC increased their target price on Orla Mining from C$7.25 to C$7.50 in a research note on Wednesday, July 10th. Scotiabank downgraded shares of Orla Mining from an “outperform” rating to a “sector perform” rating and set a C$5.75 target price for the company. in a research note on Thursday, May 23rd. Stifel Nicolaus boosted 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 report on Wednesday, May 15th. Finally, TD Securities lowered their target price on Orla Mining from C$6.00 to C$5.50 and set a “hold” rating for the company in a research note on Wednesday, May 15th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Orla Mining has a consensus rating of “Moderate Buy” and a consensus target price of C$6.31.

Insider Buying and Selling at Orla Mining

In other news, Senior Officer John Andrew Cormier sold 35,000 shares of the business’s stock in a transaction that occurred 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 news, Director Timothy Quentin Haldane sold 65,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of C$5.97, for a total transaction of C$387,972.00. Also, Senior Officer John Andrew Cormier sold 35,000 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of C$5.93, for a total transaction of C$207,438.00. Insiders have sold 213,100 shares of company stock worth $1,221,467 in the last ninety days. 34.72% of the stock is owned by 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.