Scotiabank Issues Positive Forecast for Orla Mining (TSE:OLA) Stock Price

Orla Mining (TSE:OLA) had its target price raised by equities researchers at Scotiabank from C$21.00 to C$26.50 in a report issued on Monday,BayStreet.CA reports. Scotiabank’s price objective points to a potential upside of 0.61% from the stock’s current price. Scotiabank also issued estimates for Orla Mining’s FY2026 earnings at $1.38 EPS and FY2027 earnings at $1.24 EPS.

A number of other equities research analysts have also recently issued reports on OLA. CIBC upped their target price on shares of Orla Mining from C$25.00 to C$27.00 in a report on Monday, October 20th. Desjardins raised their price objective on Orla Mining from C$28.00 to C$29.00 and gave the company a “buy” rating in a research report on Friday. National Bankshares increased their price target on Orla Mining from C$27.00 to C$29.00 and gave the company an “outperform” rating in a research note on Thursday. TD Securities reduced their price objective on shares of Orla Mining from C$28.00 to C$25.00 in a research report on Thursday. Finally, Natl Bk Canada upgraded shares of Orla Mining to a “strong-buy” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$25.44.

Orla Mining Stock Up 4.3%

Shares of TSE:OLA traded up C$1.08 during midday trading on Monday, reaching C$26.34. The company had a trading volume of 848,422 shares, compared to its average volume of 885,445. Orla Mining has a 1-year low of C$8.34 and a 1-year high of C$27.22. The stock has a market cap of C$8.95 billion, a PE ratio of 164.63 and a beta of 0.29. The company has a quick ratio of 1.22, a current ratio of 4.54 and a debt-to-equity ratio of 12.68. The business’s 50 day moving average price is C$19.28 and its 200 day moving average price is C$16.54.

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

Insider Activity at Orla Mining

In other Orla Mining news, insider Paul Schmidt sold 2,552 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at C$140,950.08. The trade was a 24.00% decrease in their position. Also, insider Paul Mann sold 15,864 shares of the firm’s 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 transaction, the insider directly owned 205,647 shares in the company, valued at C$3,783,904.80. This represents a 7.16% decrease in their ownership of the stock. Over the last three months, insiders have sold 77,828 shares of company stock worth $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.