Orla Mining Ltd. (TSE:OLA) Receives Consensus Recommendation of "Buy" from Brokerages

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

A number of research analysts have recently issued reports on OLA shares. BMO Capital Markets lifted their price objective on shares of Orla Mining from C$12.50 to C$14.50 in a report on Thursday, March 20th. Stifel Canada raised Orla Mining to a "strong-buy" rating in a report on Wednesday, March 19th. Desjardins raised their target price on Orla Mining from C$12.00 to C$13.00 and gave the company a "buy" rating in a report on Wednesday, March 19th. CIBC upped their price target on Orla Mining from C$11.50 to C$13.75 and gave the stock an "outperform" rating in a report on Wednesday, March 19th. Finally, TD Securities upgraded Orla Mining to a "hold" rating in a research note on Tuesday, February 4th.

Orla Mining Stock Up 0.8 %

TSE OLA traded up C$0.10 during mid-day trading on Friday, hitting C$13.03. The company's stock had a trading volume of 524,155 shares, compared to its average volume of 635,585. The firm has a market capitalization of C$2.95 billion, a price-to-earnings ratio of 278.51 and a beta of 1.57. The company's 50 day simple moving average is C$10.22 and its 200 day simple moving average is C$7.95. The company has a current ratio of 4.54, a quick ratio of 1.22 and a debt-to-equity ratio of 12.68. Orla Mining has a twelve month low of C$4.60 and a twelve month high of C$13.76.

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Insider Buying and Selling

In other Orla Mining news, Director Charles A. Jeannes sold 15,023 shares of Orla Mining stock in a transaction dated Friday, March 21st. The shares were sold at an average price of C$12.86, for a total value of C$193,257.37. Also, Director Jean Robitaille sold 42,906 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of C$13.00, for a total value of C$557,778.00. Over the last three months, insiders have sold 135,399 shares of company stock worth $1,758,145. 51.68% of the stock is owned by company insiders.

Orla Mining Company Profile

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.