Orla Mining (TSE:OLA – Free Report) had its price objective hoisted by Stifel Nicolaus from C$5.25 to C$6.00 in a report released on Friday morning, BayStreet.CA reports.
Separately, Desjardins decreased their price objective on Orla Mining from C$7.25 to C$6.50 and set a buy rating on the stock in a report on Wednesday, January 17th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of C$6.11.
Check Out Our Latest Analysis on OLA
Orla Mining Price Performance
Orla Mining (TSE:OLA – Get Free Report) last issued its quarterly earnings data on Tuesday, March 19th. The company reported C$0.07 earnings per share for the quarter, beating the consensus estimate of C$0.05 by C$0.02. The firm had revenue of C$85.70 million for the quarter. Orla Mining had a negative net margin of 11.56% and a negative return on equity of 6.77%. As a group, sell-side analysts anticipate that Orla Mining will post 0.1629163 EPS for the current fiscal year.
Insider Buying and Selling at Orla Mining
In other news, Director Timothy Quentin Haldane sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of C$4.97, for a total value of C$124,362.50. In other news, Senior Officer John Andrew Cormier sold 5,531 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of C$5.05, for a total transaction of C$27,931.55. Also, Director Timothy Quentin Haldane sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of C$4.97, for a total transaction of C$124,362.50. In the last ninety days, insiders have sold 31,735 shares of company stock worth $158,170. Insiders own 35.12% 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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