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

Shares of Orla Mining Ltd. (TSE:OLA) have been assigned a consensus recommendation of “Buy” from the six ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$14.75.

A number of equities analysts recently commented on the company. Stifel Nicolaus decreased their price target on Orla Mining from C$19.00 to C$18.50 and set a “buy” rating for the company in a research note on Wednesday, August 6th. Royal Bank Of Canada lifted their target price on Orla Mining from C$15.00 to C$18.00 in a research note on Wednesday, June 4th.

Orla Mining Stock Up 0.1%

TSE:OLA opened at C$13.63 on Monday. The company has a market capitalization of C$3.09 billion, a price-to-earnings ratio of 291.33 and a beta of 1.57. Orla Mining has a one year low of C$5.24 and a one year high of C$17.45. The stock has a 50-day simple moving average of C$14.43 and a 200 day simple moving average of C$13.36. The company has a debt-to-equity ratio of 12.68, a quick ratio of 1.22 and a current ratio of 4.54.

Insider Buying and Selling

In other news, Senior Officer Etienne Morin sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of C$15.51, for a total transaction of C$155,064.00. Also, Senior Officer Sylvain Guerard sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of C$15.98, for a total value of C$239,668.50. In the last ninety days, insiders have sold 50,462 shares of company stock valued at $781,286. 51.68% of the stock is currently owned by 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.