Orla Mining Ltd. (TSE:OLA) Receives C$19.09 Average PT from Analysts

Orla Mining Ltd. (TSE:OLA) has received a consensus recommendation of “Buy” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, four have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$20.57.

OLA has been the subject of a number of recent research reports. Natl Bk Canada upgraded shares of Orla Mining to a “strong-buy” rating in a research note on Monday, January 12th. Royal Bank Of Canada lifted their price objective on shares of Orla Mining from C$26.00 to C$32.00 in a research report on Wednesday, December 10th. National Bankshares set a C$27.00 target price on Orla Mining and gave the company an “outperform” rating in a report on Tuesday, January 13th. Finally, CIBC lifted their price target on Orla Mining from C$25.00 to C$27.00 in a report on Monday, October 20th.

Orla Mining Trading Up 0.3%

TSE:OLA opened at C$20.42 on Tuesday. Orla Mining has a 12-month low of C$7.97 and a 12-month high of C$21.50. The firm has a market cap of C$6.94 billion, a PE ratio of 127.63 and a beta of 0.29. The company has a current ratio of 4.54, a quick ratio of 1.22 and a debt-to-equity ratio of 12.68. The stock has a fifty day moving average price of C$18.56 and a 200 day moving average price of C$16.21.

Orla Mining (TSE:OLA) last issued its quarterly earnings results on Tuesday, November 11th. The company reported C$0.22 earnings per share for the quarter. Orla Mining had a return on equity of 2.24% and a net margin of 3.15%.The company had revenue of C$382.88 million for the quarter. Sell-side analysts anticipate that Orla Mining will post 0.3352878 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Paul Mann sold 15,864 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of C$18.40, for a total transaction of C$291,897.60. Following the completion of the sale, the insider owned 205,647 shares in the company, valued at approximately C$3,783,904.80. The trade was a 7.16% decrease in their position. Also, insider Paul Schmidt sold 2,552 shares of the company’s 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 transaction, the insider owned 8,082 shares of the company’s stock, valued at approximately C$140,950.08. The trade was a 24.00% decrease in their position. Insiders sold a total of 77,828 shares of company stock worth $1,376,992 over the last 90 days. 51.68% of the stock is 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.