Orla Mining Ltd. (TSE:OLA) Receives C$7.04 Consensus Price Target from Brokerages

Shares of Orla Mining Ltd. (TSE:OLA) have received an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$7.43.

A number of research analysts have issued reports on the stock. Scotiabank upgraded shares of Orla Mining from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$6.00 to C$7.75 in a research report on Wednesday, November 27th. Stifel Nicolaus increased their target price on shares of Orla Mining from C$8.00 to C$9.75 in a research report on Monday. Desjardins upgraded shares of Orla Mining to a “moderate buy” rating in a research report on Thursday, October 31st. Finally, CIBC increased their target price on shares of Orla Mining from C$7.50 to C$8.50 in a research report on Monday.

Orla Mining Stock Up 2.1 %

Shares of OLA opened at C$6.89 on Friday. Orla Mining has a 52 week low of C$3.53 and a 52 week high of C$7.16. The firm has a market cap of C$2.20 billion, a P/E ratio of -137.80 and a beta of 1.57. The firm’s 50-day simple moving average is C$6.27 and its 200 day simple moving average is C$5.74. The company has a debt-to-equity ratio of 17.76, a quick ratio of 1.22 and a current ratio of 5.89.

Insider Activity

In other news, Director Jean Robitaille sold 46,600 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$5.74, for a total transaction of C$267,549.24. Also, Senior Officer Andrew James Bradbury sold 12,500 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of C$5.90, for a total transaction of C$73,750.00. Insiders own 51.68% of the company’s stock.

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.