Orla Mining Ltd. (TSE:OLA) Receives C$6.56 Consensus Target Price from Analysts

Orla Mining Ltd. (TSE:OLA) has been assigned a consensus rating of “Moderate Buy” from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$6.56.

A number of brokerages have recently issued reports on OLA. Stifel Nicolaus raised their price target on shares of Orla Mining from C$6.50 to C$8.00 in a report on Monday, October 21st. Desjardins upgraded Orla Mining to a “moderate buy” rating in a research report on Thursday, October 31st. Finally, Scotiabank upped their price target on Orla Mining from C$5.25 to C$6.00 in a research note on Thursday, October 10th.

Insider Buying and Selling

In related news, Director Jean Robitaille sold 46,600 shares of Orla Mining stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$5.74, for a total transaction of C$267,549.24. In related news, Director Jean Robitaille sold 46,600 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$5.74, for a total transaction of C$267,549.24. Also, Director Elizabeth Dianne Mcgregor sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of C$5.40, for a total transaction of C$107,960.00. Insiders sold 101,000 shares of company stock valued at $577,457 over the last ninety days. Corporate insiders own 51.68% of the company’s stock.

Orla Mining Stock Down 1.5 %

Shares of TSE OLA opened at C$6.59 on Wednesday. Orla Mining has a 52-week low of C$3.53 and a 52-week high of C$7.16. The company has a quick ratio of 1.22, a current ratio of 5.89 and a debt-to-equity ratio of 17.76. The company’s 50-day simple moving average is C$6.03 and its 200-day simple moving average is C$5.63. The firm has a market cap of C$2.11 billion, a price-to-earnings ratio of -131.00 and a beta of 1.57.

Orla Mining (TSE:OLA) last issued its earnings results on Monday, August 12th. The company reported C$0.09 EPS for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.01). The business had revenue of C$115.71 million during the quarter. Orla Mining had a negative net margin of 4.12% and a negative return on equity of 2.50%. Equities analysts predict that Orla Mining will post 0.3352878 EPS for the current fiscal year.

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.