Orla Mining (TSE:OLA – Free Report) had its price target decreased by Desjardins from C$30.00 to C$29.00 in a report released on Monday,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.
A number of other equities research analysts have also recently weighed in on the stock. Canadian Imperial Bank of Commerce cut shares of Orla Mining from an “outperformer” rating to a “tender” rating and cut their price objective for the stock from C$32.00 to C$27.00 in a report on Thursday, July 16th. Royal Bank Of Canada decreased their target price on Orla Mining from C$28.00 to C$19.00 in a research report on Thursday, July 9th. Finally, TD Securities raised Orla Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. Based on data from MarketBeat, Orla Mining presently has a consensus rating of “Buy” and an average price target of C$28.39.
Check Out Our Latest Report on OLA
Orla Mining Price Performance
Orla Mining (TSE:OLA – Get Free Report) last posted its quarterly earnings results on Monday, May 11th. The company reported C$0.54 earnings per share (EPS) for the quarter. Orla Mining had a return on equity of 40.70% and a net margin of 19.45%.The business had revenue of C$526.75 million for the quarter. Equities research analysts expect that Orla Mining will post 0.3352878 EPS for the current year.
Orla Mining Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Tuesday, June 9th were given a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, May 26th. Orla Mining’s dividend payout ratio is 2.08%.
Insider Buying and Selling at Orla Mining
In related news, insider Ling Stephen sold 2,220 shares of the firm’s stock in a transaction dated 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 transaction, the insider owned 1,915 shares of the company’s stock, valued at C$33,282.70. This trade represents a 53.69% decrease in their position. Company 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.
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