Orla Mining Ltd. (TSE:OLA) Receives Consensus Rating of “Buy” from Analysts

Shares of Orla Mining Ltd. (TSE:OLA) have received a consensus recommendation of “Buy” from the six ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$11.86.

A number of brokerages have recently issued reports on OLA. BMO Capital Markets boosted their price target on shares of Orla Mining from C$12.50 to C$14.50 in a research note on Thursday, March 20th. Scotiabank boosted their target price on Orla Mining from C$7.75 to C$8.75 in a research report on Wednesday, January 15th. TD Securities raised Orla Mining to a “hold” rating in a report on Tuesday, February 4th. Desjardins upped their price objective on Orla Mining from C$12.00 to C$13.00 and gave the stock a “buy” rating in a report on Wednesday, March 19th. Finally, Cormark increased their price objective on Orla Mining from C$10.00 to C$12.00 in a research report on Thursday, March 20th.

Orla Mining Stock Performance

Shares of OLA opened at C$13.36 on Friday. The stock has a market capitalization of C$3.03 billion, a P/E ratio of 285.56 and a beta of 1.57. The company has a debt-to-equity ratio of 12.68, a quick ratio of 1.22 and a current ratio of 4.54. Orla Mining has a 1 year low of C$4.60 and a 1 year high of C$13.76. The company’s fifty day moving average is C$10.42 and its two-hundred day moving average is C$8.05.

Insiders Place Their Bets

In other Orla Mining news, Senior Officer Etienne Morin sold 77,470 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of C$13.00, for a total transaction of C$1,007,110.00. Also, Senior Officer Paul Schmidt sold 50,000 shares of the business’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of C$13.19, for a total value of C$659,660.00. Over the last ninety days, insiders have sold 185,399 shares of company stock worth $2,417,805. 51.68% of the stock is owned by corporate insiders.

Orla Mining Company Profile

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.