Brokerages Set Orla Mining Ltd. (TSE:OLA) PT at C$19.09

Orla Mining Ltd. (TSE:OLA) has received an average recommendation of “Buy” from the seven analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$20.57.

OLA has been the subject of several recent analyst reports. National Bankshares set a C$27.00 price objective on shares of Orla Mining and gave the stock an “outperform” rating in a research report on Tuesday. Natl Bk Canada raised shares of Orla Mining to a “strong-buy” rating in a research report on Monday. CIBC increased their price target on Orla Mining from C$25.00 to C$27.00 in a report on Monday, October 20th. Finally, Royal Bank Of Canada boosted their price objective on Orla Mining from C$26.00 to C$32.00 in a research note on Wednesday, December 10th.

Orla Mining Price Performance

Shares of OLA opened at C$20.36 on Tuesday. The business has a 50-day moving average of C$18.43 and a 200-day moving average of C$16.14. The company has a debt-to-equity ratio of 12.68, a current ratio of 4.54 and a quick ratio of 1.22. The company has a market capitalization of C$6.92 billion, a price-to-earnings ratio of 127.25 and a beta of 0.29. Orla Mining has a 1 year low of C$7.97 and a 1 year high of C$21.50.

Orla Mining (TSE:OLA) last released its earnings results on Tuesday, November 11th. The company reported C$0.22 earnings per share for the quarter. Orla Mining had a net margin of 3.15% and a return on equity of 2.24%. The business had revenue of C$382.88 million during the quarter. As a group, equities research analysts anticipate that Orla Mining will post 0.3352878 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider John Andrew Cormier sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of C$17.61, for a total transaction of C$528,300.00. Also, insider Paul Schmidt sold 2,552 shares of Orla Mining stock in a transaction on Monday, November 24th. The shares were sold at an average price of C$17.44, for a total transaction of C$44,506.88. Following the completion of the sale, the insider owned 8,082 shares of the company’s stock, valued at C$140,950.08. This represents a 24.00% decrease in their position. Over the last three months, insiders sold 77,828 shares of company stock worth $1,376,992. 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.