Orla Mining (TSE:OLA) PT Set at C$27.00 by National Bankshares

Orla Mining (TSE:OLA) received a C$27.00 target price from National Bankshares in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price objective suggests a potential upside of 30.50% from the stock’s current price.

OLA has been the topic of several other reports. CIBC raised their price objective on Orla Mining from C$25.00 to C$27.00 in a research note on Monday, October 20th. Royal Bank Of Canada raised their price target on shares of Orla Mining from C$26.00 to C$32.00 in a research report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$19.09.

Orla Mining Stock Up 1.0%

Shares of OLA stock traded up C$0.20 during mid-day trading on Tuesday, reaching C$20.69. 580,244 shares of the company were exchanged, compared to its average volume of 747,474. The company has a debt-to-equity ratio of 12.68, a quick ratio of 1.22 and a current ratio of 4.54. The business’s 50 day simple moving average is C$18.00 and its 200 day simple moving average is C$16.03. The company has a market capitalization of C$7.03 billion, a P/E ratio of 129.31 and a beta of 0.29. Orla Mining has a fifty-two week low of C$7.90 and a fifty-two week high of C$21.33.

Orla Mining (TSE:OLA) last posted its quarterly earnings results on Tuesday, November 11th. The company reported C$0.22 earnings per share (EPS) for the quarter. The firm had revenue of C$382.88 million for the quarter. Orla Mining had a net margin of 3.15% and a return on equity of 2.24%. Research analysts predict that Orla Mining will post 0.3352878 earnings per share for the current year.

Insider Transactions at Orla Mining

In related news, insider John Andrew Cormier sold 30,000 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of C$17.61, for a total value of C$528,300.00. Also, insider Paul Mann sold 15,864 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of C$18.40, for a total value of C$291,897.60. Following the sale, the insider owned 205,647 shares in the company, valued at approximately C$3,783,904.80. The trade was a 7.16% decrease in their position. In the last 90 days, insiders have sold 77,828 shares of company stock valued at $1,376,992. Corporate insiders own 51.68% of the company’s stock.

About Orla Mining

Orla Mining Ltd is a mineral exploration company. It is engaged in the acquisition and exploration of mineral properties. The company holds two gold projects; the Camino Rojo gold and silver project in Zacatecas State, Mexico, and the Cerro Quema gold project in Panama. It conducts business activities in the geographic areas of Mexico, Panama, the United States, and Canada.