In a report released yesterday, Bryce Adams from Desjardins maintained a Buy rating on Orla Mining, with a price target of C$29.00.
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According to TipRanks, Adams is a 5-star analyst with an average return of 29.7% and a 71.10% success rate. Adams covers the Basic Materials sector, focusing on stocks such as Champion Iron, Orla Mining, and First Quantum Minerals.
In addition to Desjardins, Orla Mining also received a Buy from TipRanks – Anthropic’s Anthropic Materials CA in a report issued yesterday. However, on the same day, TipRanks – xAI reiterated a Hold rating on Orla Mining (TSX: OLA).
Based on Orla Mining’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$274.97 million and a net profit of C$49.27 million. In comparison, last year the company earned a revenue of C$100.27 million and had a net profit of C$21.35 million
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OLA in relation to earlier this year.
