Orla Mining (TSE:OLA) Given New C$19.00 Price Target at Royal Bank Of Canada

Orla Mining (TSE:OLA) had its price target dropped by Royal Bank Of Canada from C$28.00 to C$19.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Royal Bank Of Canada’s price objective indicates a potential upside of 38.38% from the company’s current price.

Several other research analysts have also weighed in on the stock. TD Securities raised shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 20th. Desjardins set a C$35.00 target price on shares of Orla Mining and gave the company a “buy” rating in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$29.61.

Orla Mining Trading Up 2.8%

TSE:OLA traded up C$0.37 during mid-day trading on Thursday, hitting C$13.73. The company had a trading volume of 375,139 shares, compared to its average volume of 1,128,211. Orla Mining has a fifty-two week low of C$12.67 and a fifty-two week high of C$29.99. The business’s fifty day moving average is C$16.30 and its two-hundred day moving average is C$20.22. The company has a debt-to-equity ratio of 42.47, a quick ratio of 1.22 and a current ratio of 1.06. The firm has a market cap of C$5.15 billion, a P/E ratio of 19.07 and a beta of 1.33.

Orla Mining (TSE:OLA) last issued its earnings results on Monday, May 11th. The company reported C$0.54 earnings per share (EPS) for the quarter. The firm had revenue of C$526.75 million for the quarter. Orla Mining had a return on equity of 40.70% and a net margin of 19.45%. As a group, research analysts expect that Orla Mining will post 0.3352878 earnings per share for the current year.

Insider Buying and Selling at Orla Mining

In other news, insider Ling Stephen sold 2,220 shares of the company’s stock in a transaction that occurred on Monday, May 25th. The shares were sold at an average price of C$17.38, for a total value of C$38,583.60. Following the completion of the transaction, the insider owned 1,915 shares in the company, valued at C$33,282.70. This represents a 53.69% decrease in their ownership of the stock. 51.68% of the stock is owned by company insiders.

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.