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

Shares of Orla Mining Ltd. (TSE:OLA) have received an average rating of “Buy” from the six brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$11.86.

OLA has been the subject of several analyst reports. Stifel Nicolaus set a C$15.50 target price on Orla Mining and gave the stock a “buy” rating in a research note on Wednesday, March 19th. Desjardins boosted their price objective on Orla Mining from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research report on Wednesday, March 19th. TD Securities raised shares of Orla Mining to a “hold” rating in a report on Tuesday, February 4th. Scotiabank boosted their price target on shares of Orla Mining from C$7.75 to C$8.75 in a report on Wednesday, January 15th. Finally, CIBC raised their price objective on shares of Orla Mining from C$11.50 to C$13.75 and gave the company an “outperform” rating in a report on Wednesday, March 19th.

Orla Mining Stock Performance

TSE:OLA opened at C$13.36 on Friday. Orla Mining has a 52 week low of C$4.60 and a 52 week high of C$13.76. The company has a fifty day simple moving average of C$10.42 and a two-hundred day simple moving average of C$8.05. The company has a quick ratio of 1.22, a current ratio of 4.54 and a debt-to-equity ratio of 12.68. The company has a market cap of C$3.03 billion, a price-to-earnings ratio of 285.56 and a beta of 1.57.

Insider Transactions at Orla Mining

In other news, Senior Officer Paul Schmidt sold 50,000 shares of Orla Mining stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of C$13.19, for a total value of C$659,660.00. Also, Director Jean Robitaille sold 42,906 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of C$13.00, for a total transaction of C$557,778.00. Over the last 90 days, insiders have sold 185,399 shares of company stock worth $2,417,805. Corporate insiders own 51.68% of the company’s stock.

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.