Orla Mining (TSE:OLA – Free Report) had its price target lifted by CIBC from C$7.25 to C$7.50 in a research note published on Wednesday, BayStreet.CA reports.
Other analysts have also recently issued reports about the company. TD Securities cut their target price on Orla Mining from C$6.00 to C$5.50 and set a hold rating on the stock in a research note on Wednesday, May 15th. Scotiabank cut Orla Mining from an outperform rating to a sector perform rating and set a C$5.75 target price on the stock. in a research note on Thursday, May 23rd. Stifel Nicolaus raised their target price on Orla Mining from C$6.00 to C$6.25 and gave the stock a buy rating in a research note on Wednesday, May 15th. Finally, Desjardins raised their target price on Orla Mining from C$6.75 to C$7.00 and gave the stock a buy rating in a research note on Wednesday, May 15th. 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, Orla Mining currently has an average rating of Moderate Buy and an average target price of C$6.31.
Read Our Latest Analysis on Orla Mining
Orla Mining Trading Up 4.5 %
Orla Mining (TSE:OLA – Get Free Report) last released its quarterly earnings data on Tuesday, May 14th. The company reported C$0.07 EPS for the quarter, topping the consensus estimate of C$0.06 by C$0.01. The firm had revenue of C$90.70 million for the quarter. Orla Mining had a negative return on equity of 5.47% and a negative net margin of 9.11%. Research analysts forecast that Orla Mining will post 0.2246178 EPS for the current fiscal year.
Insider Buying and Selling at Orla Mining
In other news, Director Timothy Quentin Haldane sold 65,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of C$5.97, for a total value of C$387,972.00. In related news, Director Robert Ljubomir Krcmarov purchased 7,273 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were purchased at an average cost of C$5.50 per share, with a total value of C$40,023.32. Also, Director Timothy Quentin Haldane sold 65,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of C$5.97, for a total transaction of C$387,972.00. In the last three months, insiders have sold 213,100 shares of company stock valued at $1,221,467. 34.72% of the stock is currently owned by corporate insiders.
Orla Mining Company Profile
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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