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

Orla Mining Ltd. (TSE:OLA) has received a consensus recommendation of “Buy” from the four ratings firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$28.39.

Several equities analysts have recently weighed in on the company. Canadian Imperial Bank of Commerce cut Orla Mining from an “outperformer” rating to a “tender” rating and cut their price objective for the company from C$32.00 to C$27.00 in a report on Thursday, July 16th. Royal Bank Of Canada lowered their target price on Orla Mining from C$28.00 to C$19.00 in a research note on Thursday, July 9th. Desjardins dropped their target price on shares of Orla Mining from C$30.00 to C$29.00 and set a “buy” rating on the stock in a report on Monday, July 27th. Finally, TD Securities upgraded shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 20th.

Orla Mining Stock Performance

Shares of Orla Mining stock opened at C$13.46 on Friday. The stock’s fifty day simple moving average is C$13.38 and its 200 day simple moving average is C$17.98. 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 company has a market capitalization of C$5.05 billion, a PE ratio of 18.69 and a beta of 1.30. Orla Mining has a 12 month low of C$11.81 and a 12 month high of C$29.99.

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.