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

Shares of Orla Mining Ltd. (TSE:OLA) have been assigned a consensus recommendation of “Buy” from the six brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$13.28.

OLA has been the subject of several analyst reports. Stifel Nicolaus boosted their target price on Orla Mining from C$15.50 to C$19.00 in a report on Monday. Royal Bank of Canada lifted their target price on shares of Orla Mining from C$13.00 to C$15.00 in a report on Friday, April 4th. BMO Capital Markets upped their price target on shares of Orla Mining from C$12.50 to C$14.50 in a report on Thursday, March 20th. TD Securities upgraded Orla Mining to a “hold” rating in a research note on Tuesday, February 4th. Finally, CIBC increased their target price on Orla Mining from C$16.25 to C$18.50 in a research note on Thursday, April 17th.

Insider Buying and Selling

In other Orla Mining news, Director Charles A. Jeannes sold 15,023 shares of the firm’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of C$12.86, for a total transaction of C$193,257.37. Also, Director Jean Robitaille sold 42,906 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of C$13.00, for a total value of C$557,778.00. Insiders sold a total of 385,399 shares of company stock valued at $5,067,805 over the last ninety days. 51.68% of the stock is owned by company insiders.

Orla Mining Price Performance

Shares of TSE:OLA opened at C$15.94 on Tuesday. The stock has a market capitalization of C$3.61 billion, a P/E ratio of 340.71 and a beta of 1.57. The business has a 50-day moving average of C$12.20 and a two-hundred day moving average of C$9.14. Orla Mining has a fifty-two week low of C$4.60 and a fifty-two week high of C$16.53. The company has a debt-to-equity ratio of 12.68, a current ratio of 4.54 and a quick ratio of 1.22.

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.