Orla Mining Ltd. (TSE:OLA) Given Consensus Rating of “Buy” by Brokerages

Shares of Orla Mining Ltd. (TSE:OLA) have been given a consensus recommendation of “Buy” by the five brokerages that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$31.06.

OLA has been the topic of a number of research analyst reports. TD Securities upgraded shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 20th. ATB Cormark Capital Markets upgraded shares of Orla Mining from a “hold” rating to a “moderate buy” rating and upped their price target for the stock from C$25.00 to C$35.00 in a report on Monday, February 23rd. Finally, Desjardins set a C$35.00 price target on shares of Orla Mining and gave the stock a “buy” rating in a report on Thursday, April 23rd.

Insider Activity at Orla Mining

In other Orla Mining news, insider Ling Stephen sold 2,220 shares of the stock in a transaction dated Monday, May 25th. The shares were sold at an average price of C$17.38, for a total transaction of C$38,583.60. Following the transaction, the insider directly owned 1,915 shares in the company, valued at C$33,282.70. This represents a 53.69% decrease in their position. Insiders own 51.68% of the company’s stock.

Orla Mining Stock Performance

TSE OLA opened at C$14.90 on Monday. The company’s 50-day moving average price is C$19.28 and its 200-day moving average price is C$20.74. The company has a current ratio of 1.06, a quick ratio of 1.22 and a debt-to-equity ratio of 42.47. The stock has a market cap of C$5.16 billion, a PE ratio of 20.69 and a beta of 1.19. Orla Mining has a 12 month low of C$12.67 and a 12 month high of C$29.99.

Orla Mining (TSE:OLA) last posted its quarterly earnings results on Monday, May 11th. The company reported C$0.54 EPS for the quarter. The firm had revenue of C$526.76 million for the quarter. Orla Mining had a net margin of 19.45% and a return on equity of 40.70%. Equities research analysts forecast that Orla Mining will post 0.3352878 earnings per share for the current year.

Orla Mining Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, June 9th were issued a $0.015 dividend. The ex-dividend date was Tuesday, May 26th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.4%. Orla Mining’s dividend payout ratio is presently 2.08%.

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.