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

Shares of Orla Mining Ltd. (TSE:OLA) have earned an average rating of “Buy” from the six ratings firms that are currently covering the company, MarketBeat.com reports. One 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 1 year price objective among analysts that have issued ratings on the stock in the last year is C$14.75.

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

Orla Mining Stock Performance

Shares of OLA opened at C$15.81 on Friday. The business’s fifty day simple moving average is C$14.79 and its two-hundred day simple moving average is C$14.15. The company has a current ratio of 4.54, a quick ratio of 1.22 and a debt-to-equity ratio of 12.68. Orla Mining has a 12 month low of C$5.26 and a 12 month high of C$17.78. The company has a market cap of C$5.15 billion, a price-to-earnings ratio of 225.86 and a beta of 0.07.

Insider Activity

In other news, Senior Officer Etienne Morin sold 10,000 shares of the firm’s stock in a transaction on Friday, June 20th. The stock was sold at an average price of C$15.51, for a total value of C$155,064.00. 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.