Orla Mining Ltd. (TSE:OLA) Given Average Rating of “Moderate Buy” by Analysts

Shares of Orla Mining Ltd. (TSE:OLA) have earned an average rating of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$6.31.

A number of equities research analysts have weighed in on OLA shares. Scotiabank lowered Orla Mining from an “outperform” rating to a “sector perform” rating and set a C$5.75 price objective for the company. in a research note on Thursday, May 23rd. CIBC raised their price target on shares of Orla Mining from C$7.25 to C$7.50 in a research report on Wednesday, July 10th.

Insider Buying and Selling

In other news, Director Elizabeth Dianne Mcgregor sold 20,000 shares of Orla Mining stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of C$5.40, for a total value of C$107,960.00. In related news, Director Elizabeth Dianne Mcgregor sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of C$5.40, for a total value of C$107,960.00. Also, Senior Officer John Andrew Cormier sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of C$5.32, for a total value of C$53,211.00. Insiders have sold 64,400 shares of company stock worth $363,119 over the last ninety days. 34.50% of the stock is owned by insiders.

Orla Mining Trading Down 1.7 %

OLA opened at C$5.64 on Tuesday. The firm’s 50 day moving average is C$5.40 and its 200-day moving average is C$5.36. Orla Mining has a 52-week low of C$3.53 and a 52-week high of C$6.05. 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 firm has a market capitalization of C$1.80 billion, a P/E ratio of -112.80 and a beta of 1.59.

Orla Mining (TSE:OLA) last issued its quarterly earnings data 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 firm had revenue of C$115.71 million during the quarter. Orla Mining had a negative return on equity of 2.50% and a negative net margin of 4.12%. Analysts expect that Orla Mining will post 0.3050368 EPS for the current fiscal year.

About Orla Mining

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.