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

Shares of Orla Mining Ltd. (TSE:OLA) have received a consensus recommendation of “Buy” from the six analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$19.09.

Several equities analysts recently weighed in on OLA shares. CIBC boosted their price objective on shares of Orla Mining from C$25.00 to C$27.00 in a research report on Monday, October 20th. National Bankshares set a C$27.00 price target on shares of Orla Mining and gave the company an “outperform” rating in a report on Tuesday. Finally, Royal Bank Of Canada increased their price target on Orla Mining from C$26.00 to C$32.00 in a research note on Wednesday, December 10th.

Insider Activity at Orla Mining

In other Orla Mining news, insider Paul Schmidt sold 2,552 shares of Orla Mining stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of C$17.44, for a total value of C$44,506.88. Following 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 ownership of the stock. Also, insider Paul Mann sold 15,864 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of C$18.40, for a total transaction of C$291,897.60. Following the sale, the insider directly owned 205,647 shares in the company, valued at C$3,783,904.80. This trade represents a 7.16% decrease in their ownership of the stock. Over the last ninety days, insiders sold 77,828 shares of company stock worth $1,376,992. 51.68% of the stock is owned by corporate insiders.

Orla Mining Stock Up 0.3%

Orla Mining stock traded up C$0.06 during mid-day trading on Tuesday, reaching C$20.55. The stock had a trading volume of 619,101 shares, compared to its average volume of 752,695. The company has a market capitalization of C$6.98 billion, a price-to-earnings ratio of 128.44 and a beta of 0.29. The company has a debt-to-equity ratio of 12.68, a current ratio of 4.54 and a quick ratio of 1.22. The company has a 50-day moving average price of C$18.00 and a two-hundred day moving average price of C$16.03. Orla Mining has a one year low of C$7.90 and a one year high of C$21.33.

Orla Mining (TSE:OLA) last posted its quarterly earnings data on Tuesday, November 11th. The company reported C$0.22 earnings per share (EPS) for the quarter. The business had revenue of C$382.88 million during the quarter. Orla Mining had a return on equity of 2.24% and a net margin of 3.15%. On average, analysts expect that Orla Mining will post 0.3352878 EPS for the current fiscal year.

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.