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

Orla Mining Ltd. (TSE:OLA) has been given an average rating of “Buy” by the six brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$17.11.

OLA has been the subject of a number of research analyst reports. Royal Bank Of Canada raised their target price on Orla Mining from C$23.00 to C$26.00 in a report on Monday, October 20th. CIBC raised their price objective on shares of Orla Mining from C$25.00 to C$27.00 in a research note on Monday, October 20th. Finally, Stifel Nicolaus dropped their price objective on shares of Orla Mining from C$19.00 to C$18.50 and set a “buy” rating for the company in a report on Wednesday, August 6th.

Orla Mining Stock Down 0.4%

TSE:OLA opened at C$13.44 on Friday. The company has a quick ratio of 1.22, a current ratio of 4.54 and a debt-to-equity ratio of 12.68. The stock’s fifty day moving average is C$15.46 and its two-hundred day moving average is C$14.80. Orla Mining has a 52 week low of C$5.36 and a 52 week high of C$19.50. The stock has a market capitalization of C$4.38 billion, a price-to-earnings ratio of 192.00 and a beta of 0.12.

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.