Orla Mining Ltd. (TSE:OLA) Receives C$11.86 Average PT from Analysts

Shares of Orla Mining Ltd. (TSE:OLA) have received a consensus recommendation of “Buy” from the six ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$11.86.

OLA has been the subject of several recent analyst reports. Stifel Nicolaus set a C$15.50 price objective on shares of Orla Mining and gave the company a “buy” rating in a research note on Wednesday, March 19th. CIBC upped their price target on Orla Mining from C$11.50 to C$13.75 and gave the stock an “outperform” rating in a report on Wednesday, March 19th. BMO Capital Markets lifted their price objective on 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 report on Tuesday, February 4th. Finally, Stifel Canada upgraded shares of Orla Mining to a “strong-buy” rating in a report on Wednesday, March 19th.

Insider Activity at Orla Mining

In other news, Director Charles A. Jeannes sold 15,023 shares of the company’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of C$12.86, for a total value of C$193,257.37. Also, Senior Officer Etienne Morin sold 77,470 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$1,007,110.00. In the last 90 days, insiders have sold 135,399 shares of company stock worth $1,758,145. 51.68% of the stock is currently owned by corporate insiders.

Orla Mining Trading Up 0.8 %

TSE OLA opened at C$13.03 on Friday. Orla Mining has a 52-week low of C$4.60 and a 52-week high of C$13.76. The firm has a 50-day moving average price of C$10.22 and a 200 day moving average price of C$7.95. The stock has a market capitalization of C$2.95 billion, a P/E ratio of 278.51 and a beta of 1.57. The company has a quick ratio of 1.22, a current ratio of 4.54 and a debt-to-equity ratio of 12.68.

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.