Orla Mining (OLA) to Release Quarterly Earnings on Wednesday

Orla Mining (TSE:OLA) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, November 13th. Analysts expect the company to announce earnings of C$0.10 per share for the quarter.

Orla Mining (TSE:OLA) last posted its earnings results on Monday, August 12th. The company reported C$0.09 EPS for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.01). The company had revenue of C$115.71 million during the quarter. Orla Mining had a negative net margin of 4.12% and a negative return on equity of 2.50%.

Orla Mining Trading Up 0.8 %

TSE OLA opened at C$6.58 on Wednesday. Orla Mining has a 12 month low of C$3.53 and a 12 month high of C$7.16. The company has a debt-to-equity ratio of 17.76, a current ratio of 5.89 and a quick ratio of 1.22. The company has a market capitalization of C$2.10 billion, a price-to-earnings ratio of -131.60 and a beta of 1.57. The firm’s fifty day moving average price is C$5.99 and its 200 day moving average price is C$5.62.

Insider Transactions at Orla Mining

In other news, Director Jean Robitaille sold 46,600 shares of the firm’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$5.74, for a total value of C$267,549.24. In related news, Director Jean Robitaille sold 46,600 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$5.74, for a total value of C$267,549.24. Also, Director Elizabeth Dianne Mcgregor sold 20,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of C$5.40, for a total transaction of C$107,960.00. In the last quarter, insiders sold 101,000 shares of company stock worth $577,457. Company insiders own 51.68% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on OLA shares. Scotiabank raised their price objective on shares of Orla Mining from C$5.25 to C$6.00 in a research report on Thursday, October 10th. CIBC raised their price objective on shares of Orla Mining from C$7.25 to C$7.50 in a research report on Wednesday, July 10th. Desjardins raised shares of Orla Mining to a “moderate buy” rating in a research report on Thursday, October 31st. Finally, Stifel Nicolaus raised their price objective on shares of Orla Mining from C$6.50 to C$8.00 in a research report on Monday, October 21st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$6.56.

About Orla Mining

Orla Mining Ltd. acquires, explores, develops, and exploits mineral properties. The company explores for gold, silver, zinc, lead, and copper deposits. It owns 100% interests in the Camino Rojo project that consists of seven concessions covering an area of 138,636 hectares located in Zacatecas, Mexico; Cerro Quema project totaling an area of 15,000 hectares located in the Azuero Peninsula, Panama; and the South Railroad project consisting of an area of 21,000 hectares located in Elko, Nevada.