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

Orla Mining Ltd. (TSE:OLA) has earned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$6.28.

OLA has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price target on Orla Mining from C$6.00 to C$6.25 and gave the company a “buy” rating in a report on Wednesday, May 15th. Scotiabank cut Orla Mining from an “outperform” rating to a “sector perform” rating and set a C$5.75 price target on the stock. in a research report on Thursday, May 23rd. Desjardins upped their price objective on Orla Mining from C$6.75 to C$7.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. Finally, TD Securities decreased their target price on shares of Orla Mining from C$6.00 to C$5.50 and set a “hold” rating for the company in a research note on Wednesday, May 15th.

Orla Mining Price Performance

Orla Mining stock opened at C$5.29 on Thursday. Orla Mining has a one year low of C$3.53 and a one year high of C$6.52. The business has a fifty day moving average price of C$5.48 and a 200-day moving average price of C$5.02. The company has a debt-to-equity ratio of 21.76, a current ratio of 5.68 and a quick ratio of 1.22. The firm has a market capitalization of C$1.68 billion, a P/E ratio of -44.08 and a beta of 1.59.

Orla Mining (TSE:OLA) last posted its quarterly earnings data on Tuesday, May 14th. The company reported C$0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.06 by C$0.01. Orla Mining had a negative return on equity of 5.47% and a negative net margin of 9.11%. The company had revenue of C$90.70 million during the quarter. As a group, equities research analysts forecast that Orla Mining will post 0.2246178 EPS for the current year.

Insider Activity at Orla Mining

In related news, Senior Officer John Andrew Cormier sold 35,000 shares of the stock in a transaction dated Friday, May 17th. The shares were sold at an average price of C$5.93, for a total value of C$207,438.00. In other news, Director Robert Ljubomir Krcmarov acquired 7,273 shares of Orla Mining stock in a transaction that occurred on Wednesday, June 12th. The shares were bought at an average cost of C$5.50 per share, with a total value of C$40,023.32. Also, Senior Officer John Andrew Cormier sold 35,000 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of C$5.93, for a total transaction of C$207,438.00. In the last quarter, insiders sold 213,100 shares of company stock valued at $1,221,467. Insiders own 34.72% of the company’s stock.

Orla Mining Company Profile

Orla Mining Ltd. acquires, explores, develops, and exploits mineral properties. The company explores for gold, silver, zinc, lead, and copper deposits. It owns 100% interests in the Camino Rojo project that consists of seven concessions covering an area of 138,636 hectares located in Zacatecas, Mexico; Cerro Quema project totaling an area of 15,000 hectares located in the Azuero Peninsula, Panama; and the South Railroad project consisting of an area of 21,000 hectares located in Elko, Nevada.