Orla Mining (TSE:OLA) Price Target Lowered to C$25.00 at TD Securities

Orla Mining (TSE:OLA) had its target price reduced by equities researchers at TD Securities from C$28.00 to C$25.00 in a report released on Thursday,BayStreet.CA reports. TD Securities’ target price would indicate a potential upside of 4.69% from the stock’s current price.

A number of other brokerages have also issued reports on OLA. CIBC boosted their target price on shares of Orla Mining from C$25.00 to C$27.00 in a research report 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. National Bankshares set a C$27.00 price objective on shares of Orla Mining and gave the stock an “outperform” rating in a report on Tuesday, January 13th. Finally, Natl Bk Canada upgraded shares of Orla Mining to a “strong-buy” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$21.38.

Orla Mining Stock Performance

Shares of Orla Mining stock traded up C$1.30 during trading on Thursday, reaching C$23.88. The company’s stock had a trading volume of 1,292,097 shares, compared to its average volume of 835,390. Orla Mining has a one year low of C$8.34 and a one year high of C$24.34. 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 firm has a market cap of C$8.12 billion, a price-to-earnings ratio of 149.25 and a beta of 0.29. The business’s fifty day moving average price is C$18.97 and its 200-day moving average price is C$16.39.

Orla Mining (TSE:OLA) last released its 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 return on equity of 2.24% and a net margin of 3.15%. As a group, equities research analysts predict that Orla Mining will post 0.3352878 earnings per share for the current year.

Insider Activity at Orla Mining

In other Orla Mining news, insider Paul Mann sold 15,864 shares of Orla Mining stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of C$18.40, for a total transaction of C$291,897.60. Following the sale, the insider directly owned 205,647 shares of the company’s stock, valued at approximately C$3,783,904.80. The trade was a 7.16% decrease in their ownership of the stock. Also, insider Paul Schmidt sold 2,552 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of C$17.44, for a total value of C$44,506.88. Following the completion of the sale, the insider owned 8,082 shares in the company, valued at approximately C$140,950.08. This represents a 24.00% decrease in their ownership of the stock. Insiders have sold a total of 77,828 shares of company stock valued at $1,376,992 over the last quarter. 51.68% of the stock is owned by company insiders.

Orla Mining Company Profile

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.