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

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.com reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$6.56.

OLA has been the subject of a number of analyst reports. Scotiabank raised their price objective on Orla Mining from C$5.25 to C$6.00 in a research report on Thursday, October 10th. Stifel Nicolaus lifted their target price on shares of Orla Mining from C$6.50 to C$8.00 in a report on Monday, October 21st. Finally, Desjardins raised Orla Mining to a “moderate buy” rating in a report on Thursday, October 31st.

Insider Activity

In other news, Director Elizabeth Dianne Mcgregor sold 20,000 shares of the 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. In related news, Senior Officer Andrew James Bradbury sold 12,500 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$5.90, for a total transaction of C$73,750.00. Also, Director Elizabeth Dianne Mcgregor sold 20,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of C$5.40, for a total transaction of C$107,960.00. Over the last 90 days, insiders have sold 101,000 shares of company stock worth $577,457. Company insiders own 51.68% of the company’s stock.

Orla Mining Price Performance

Orla Mining stock opened at C$6.59 on Wednesday. Orla Mining has a one year low of C$3.53 and a one year high of C$7.16. The firm has a market capitalization of C$2.11 billion, a P/E ratio of -131.00 and a beta of 1.57. The company has a debt-to-equity ratio of 17.76, a current ratio of 5.89 and a quick ratio of 1.22. The business has a fifty day moving average price of C$6.03 and a 200-day moving average price of C$5.63.

Orla Mining (TSE:OLA) last posted its quarterly earnings results on Monday, August 12th. The company reported C$0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.10 by C($0.01). Orla Mining had a negative net margin of 4.12% and a negative return on equity of 2.50%. The business had revenue of C$115.71 million for the quarter. As a group, equities research analysts forecast that Orla Mining will post 0.3352878 EPS for the current 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.