Orla Mining Ltd. (TSE:OLA – Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$6.50 and last traded at C$6.49, with a volume of 15730 shares changing hands. The stock had previously closed at C$6.46.
Analysts Set New Price Targets
Several equities analysts recently commented on the stock. Scotiabank increased their price objective on shares of Orla Mining from C$5.25 to C$6.00 in a research report on Thursday, October 10th. CIBC lifted their price objective on shares of Orla Mining from C$7.25 to C$7.50 in a research note on Wednesday, July 10th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$6.34.
View Our Latest Research Report on OLA
Orla Mining Stock Down 0.5 %
Orla Mining (TSE:OLA – Get Free Report) last issued its quarterly earnings data 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 return on equity of 2.50% and a negative net margin of 4.12%. The firm had revenue of C$115.71 million during the quarter. On average, equities analysts forecast that Orla Mining Ltd. will post 0.2979744 EPS for the current year.
Insider Buying and Selling at Orla Mining
In related news, Senior Officer Etienne Morin sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of C$5.86, for a total value of C$117,178.00. In other news, Senior Officer Andrew James Bradbury sold 12,500 shares of Orla Mining stock in a transaction on Thursday, September 12th. The stock was sold at an average price of C$5.90, for a total transaction of C$73,750.00. Also, Senior Officer Etienne Morin sold 20,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of C$5.86, for a total transaction of C$117,178.00. Insiders have sold a total of 101,000 shares of company stock valued at $577,457 over the last ninety 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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