Orla Mining (TSE:OLA) has received a price target of C$27.00 from analysts at National Bankshares, as detailed in a research note issued to investors on Tuesday, November 11, 2023. The brokerage has rated the stock as “outperform,” indicating strong potential for growth. This new target suggests a potential upside of 30.50% from Orla Mining’s previous closing price.
The updated evaluation from National Bankshares adds to a series of recent analyses concerning Orla Mining’s stock. On December 10, 2023, the Royal Bank of Canada raised its target price for the company from C$26.00 to C$32.00. Similarly, CIBC increased its target from C$25.00 to C$27.00 in a report published on October 20, 2023.
Analyst Ratings and Market Consensus
Orla Mining has garnered attention from investment analysts, with one rating the stock as a Strong Buy, four assigning it a Buy rating, and one giving it a Hold rating. According to data from MarketBeat.com, the consensus rating for Orla Mining is currently “Buy,” with an average target price of C$19.09.
In its most recent quarterly earnings report, Orla Mining announced earnings per share (EPS) of C$0.22 for the quarter ending November 11, 2023, with total revenue reported at C$382.88 million. The company achieved a net margin of 3.15% and a return on equity of 2.24%. Analysts expect the firm to post an EPS of 0.3352878 for the current fiscal year.
Insider Activity and Company Profile
In related news, insider John Andrew Cormier sold 30,000 shares of Orla Mining on November 24, 2023, at an average price of C$17.61, amounting to a total transaction value of C$528,300.00. Another insider, Paul Mann, sold 15,864 shares on December 16, 2023, at an average price of C$18.40, totaling C$291,897.60. Following these transactions, Mann holds 205,647 shares, valued at approximately C$3,783,904.80, reflecting a 7.16% decrease in his ownership position.
Over the last quarter, insiders sold a total of 77,828 shares valued at C$1,376,992. Insiders currently hold 51.68% of Orla Mining’s shares.
Orla Mining Ltd is a mineral exploration company engaged in the acquisition and exploration of mineral properties. The company operates two gold projects: the Camino Rojo gold and silver project in Zacatecas State, Mexico, and the Cerro Quema gold project in Panama. Additionally, it conducts business activities in the United States and Canada.
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