Orla Mining (TSE:OLA – Free Report) had its target price hoisted by Stifel Nicolaus from C$6.50 to C$8.00 in a research note issued to investors on Monday morning, BayStreet.CA reports.
Other analysts have also recently issued reports about the company. Scotiabank boosted their price objective on Orla Mining from C$5.25 to C$6.00 in a research report on Thursday, October 10th. CIBC boosted their price target on shares of Orla Mining from C$7.25 to C$7.50 in a report on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$6.56.
Read Our Latest Stock Report on OLA
Orla Mining Stock Up 2.3 %
Orla Mining (TSE:OLA – Get Free Report) last posted its earnings results on Monday, August 12th. The company reported C$0.09 EPS 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 business had revenue of C$115.71 million for the quarter. On average, research analysts forecast that Orla Mining will post 0.3352878 EPS for the current year.
Insider Buying and Selling
In other Orla Mining news, Senior Officer Andrew James Bradbury sold 12,500 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of C$5.90, for a total value of C$73,750.00. In other news, Senior Officer Andrew James Bradbury sold 12,500 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of C$5.90, for a total value of C$73,750.00. Also, Director Elizabeth Dianne Mcgregor sold 20,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of C$5.40, for a total transaction of C$107,960.00. Over the last ninety days, insiders sold 101,000 shares of company stock worth $577,457. 51.68% of the stock is owned by corporate 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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