Orla Mining (TSE:OLA – Free Report) had its price objective lifted by Scotiabank from C$5.25 to C$6.00 in a research note released on Thursday morning, BayStreet.CA reports.
Separately, CIBC lifted their price objective on shares of 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 given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of C$6.34.
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Orla Mining Price Performance
Orla Mining (TSE:OLA – Get Free Report) last announced its quarterly earnings results on Monday, August 12th. The company reported C$0.09 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter. As a group, analysts forecast that Orla Mining will post 0.2979744 EPS for the current year.
Insiders Place Their Bets
In other Orla Mining news, Director Jean Robitaille sold 46,600 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$5.74, for a total transaction of C$267,549.24. In other news, Director Jean Robitaille sold 46,600 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$5.74, for a total transaction of C$267,549.24. Also, Director Elizabeth Dianne Mcgregor sold 20,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of C$5.40, for a total transaction of C$107,960.00. Insiders sold 101,000 shares of company stock worth $577,457 in the last 90 days. Corporate insiders own 34.48% of the company’s stock.
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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