Stifel Nicolaus Increases Orla Mining (TSE:OLA) Price Target to C$8.00

Orla Mining (TSE:OLA) had its target price increased by equities researchers at Stifel Nicolaus from C$6.50 to C$8.00 in a research note issued to investors on Monday, BayStreet.CA reports. Stifel Nicolaus’ price objective would suggest a potential upside of 12.83% from the company’s current price.

Several other research firms have also commented on OLA. CIBC boosted their price objective on shares of Orla Mining from C$7.25 to C$7.50 in a research report on Wednesday, July 10th. Scotiabank raised their price objective on shares of Orla Mining from C$5.25 to C$6.00 in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Orla Mining presently has a consensus rating of “Moderate Buy” and an average target price of C$6.56.

Orla Mining Stock Up 2.9 %

Shares of TSE:OLA opened at C$7.09 on Monday. The company has a market cap of C$2.27 billion, a price-to-earnings ratio of -141.80 and a beta of 1.57. The firm’s 50-day simple moving average is C$5.78 and its 200-day simple moving average is C$5.52. Orla Mining has a fifty-two week low of C$3.53 and a fifty-two week high of C$7.09. The company has a quick ratio of 1.22, a current ratio of 5.89 and a debt-to-equity ratio of 17.76.

Orla Mining (TSE:OLA) last released its quarterly earnings data 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). The company had revenue of C$115.71 million for the quarter. Orla Mining had a negative return on equity of 2.50% and a negative net margin of 4.12%. As a group, equities research analysts predict that Orla Mining will post 0.3352878 earnings per share for the current year.

Insider Activity

In related news, Senior Officer Etienne Morin sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of C$5.86, for a total transaction of C$117,178.00. In other news, Senior Officer Etienne Morin sold 20,000 shares of Orla Mining stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of C$5.86, for a total value of C$117,178.00. Also, Director Jean Robitaille sold 46,600 shares of Orla Mining 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. Insiders sold a total of 101,000 shares of company stock valued at $577,457 in the last 90 days. 51.68% of the stock is currently owned by 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.