Orla Mining Ltd. (TSE:OLA) Given Average Rating of "Moderate Buy" by Brokerages

Orla Mining Ltd. (TSE:OLA - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the five research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$7.04.

OLA has been the topic of several recent analyst reports. Desjardins raised Orla Mining to a "moderate buy" rating in a research note on Thursday, October 31st. Scotiabank raised Orla Mining from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from C$6.00 to C$7.75 in a report on Wednesday. Finally, Stifel Nicolaus upped their target price on shares of Orla Mining from C$6.50 to C$8.00 in a report on Monday, October 21st.

Insider Activity at Orla Mining

In other Orla Mining news, Director Jean Robitaille sold 46,600 shares of the firm's stock in a transaction dated Tuesday, September 24th. The stock was 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 company's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of C$5.90, for a total value of C$73,750.00. 51.68% of the stock is currently owned by company insiders.

Orla Mining Stock Performance

OLA stock traded up C$0.02 during midday trading on Friday, hitting C$6.78. The stock had a trading volume of 255,816 shares, compared to its average volume of 447,968. The firm has a market capitalization of C$2.17 billion, a price-to-earnings ratio of -135.60 and a beta of 1.57. The company has a current ratio of 5.89, a quick ratio of 1.22 and a debt-to-equity ratio of 17.76. The stock has a 50-day simple moving average of C$6.22 and a 200 day simple moving average of C$5.72. Orla Mining has a 52 week low of C$3.53 and a 52 week high of C$7.16.

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.