Orla Mining (TSE:OLA) Upgraded at ATB Cormark Capital Markets

Orla Mining (TSE:OLA) was upgraded by investment analysts at ATB Cormark Capital Markets from a “sector perform” rating to an “outperform” rating in a report issued on Monday,BayStreet.CA reports. The firm currently has a C$35.00 target price on the stock, up from their previous target price of C$25.00. ATB Cormark Capital Markets’ price objective points to a potential upside of 34.67% from the company’s current price.

OLA has been the topic of several other reports. Canadian Imperial Bank of Commerce lifted their target price on shares of Orla Mining from C$27.00 to C$32.00 in a research note on Wednesday, February 4th. Stifel Nicolaus raised their price target on shares of Orla Mining from C$28.00 to C$35.00 in a report on Tuesday, February 10th. BMO Capital Markets boosted their price objective on shares of Orla Mining from C$22.00 to C$30.00 in a research report on Monday, January 26th. Desjardins upped their price objective on shares of Orla Mining from C$28.00 to C$29.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Finally, Royal Bank Of Canada raised their target price on Orla Mining from C$26.00 to C$32.00 in a research note on Wednesday, December 10th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$28.55.

Orla Mining Trading Up 1.5%

Shares of TSE:OLA traded up C$0.39 on Monday, reaching C$25.99. 787,715 shares of the company traded hands, compared to its average volume of 968,046. The stock has a market capitalization of C$8.83 billion, a P/E ratio of 162.44 and a beta of 0.38. The business’s 50-day simple moving average is C$21.33 and its 200 day simple moving average is C$17.73. The company has a current ratio of 4.54, a quick ratio of 1.22 and a debt-to-equity ratio of 12.68. Orla Mining has a 52 week low of C$9.44 and a 52 week high of C$27.22.

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

Insider Activity

In other Orla Mining news, insider Paul Mann sold 15,864 shares of Orla Mining stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of C$18.40, for a total value of C$291,897.60. Following the completion of the transaction, 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. 51.68% of the stock is currently owned by corporate 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.