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

Orla Mining Ltd. (TSE:OLA) has been given an average recommendation of “Buy” by the six analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$14.75.

A number of research analysts have issued reports on OLA shares. Stifel Nicolaus reduced their price objective on shares of Orla Mining from C$19.00 to C$18.50 and set a “buy” rating on the stock in a research report on Wednesday, August 6th. Royal Bank Of Canada boosted their price objective on shares of Orla Mining from C$15.00 to C$18.00 in a research report on Wednesday, June 4th.

Orla Mining Trading Up 0.6%

TSE OLA opened at C$15.85 on Friday. Orla Mining has a fifty-two week low of C$5.26 and a fifty-two week high of C$17.45. The company has a debt-to-equity ratio of 12.68, a quick ratio of 1.22 and a current ratio of 4.54. The stock has a 50 day simple moving average of C$14.65 and a two-hundred day simple moving average of C$13.99. The stock has a market cap of C$5.16 billion, a P/E ratio of 226.43 and a beta of 0.07.

Insider Buying and Selling at Orla Mining

In other Orla Mining news, Senior Officer Etienne Morin sold 10,000 shares of the business’s stock in a transaction on Friday, June 20th. The shares were sold at an average price of C$15.51, for a total transaction of C$155,064.00. Also, Director David Andrew Stephens sold 7,500 shares of the business’s stock in a transaction on Monday, June 16th. The shares were sold at an average price of C$15.47, for a total transaction of C$116,025.75. In the last ninety days, insiders have sold 32,500 shares of company stock valued at $510,758. 51.68% of the stock is currently owned by company insiders.

About Orla Mining

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.