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

Shares of Orla Mining Ltd. (TSE:OLA - Get Free Report) have been assigned an average rating of "Moderate Buy" from the five research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$6.56.

Several equities analysts recently weighed in on OLA shares. CIBC raised their target price on shares of Orla Mining from C$7.25 to C$7.50 in a research note on Wednesday, July 10th. Desjardins upgraded Orla Mining to a "moderate buy" rating in a research report on Thursday, October 31st. Scotiabank boosted their target price on Orla Mining from C$5.25 to C$6.00 in a research report on Thursday, October 10th. Finally, Stifel Nicolaus raised their price objective on Orla Mining from C$6.50 to C$8.00 in a research note on Monday, October 21st.

Insider Transactions at Orla Mining

In other Orla Mining news, Director Elizabeth Dianne Mcgregor sold 20,000 shares of Orla Mining stock in a transaction on Thursday, August 15th. The stock was sold at an average price of C$5.40, for a total transaction of C$107,960.00. In other Orla Mining news, Director Elizabeth Dianne Mcgregor sold 20,000 shares of the company's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of C$5.40, for a total transaction of C$107,960.00. Also, Director Jean Robitaille sold 46,600 shares of Orla Mining stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$5.74, for a total value of C$267,549.24. Over the last three months, insiders have sold 101,000 shares of company stock valued at $577,457. 51.68% of the stock is currently owned by company insiders.

Orla Mining Stock Performance

TSE:OLA traded down C$0.13 during mid-day trading on Wednesday, hitting C$6.45. 367,567 shares of the company traded hands, compared to its average volume of 454,453. 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 stock's fifty day moving average price is C$5.99 and its 200-day moving average price is C$5.62. The firm has a market cap of C$2.06 billion, a price-to-earnings ratio of -129.00 and a beta of 1.57. Orla Mining has a one year low of C$3.53 and a one year high of C$7.16.

Orla Mining (TSE:OLA - Get Free Report) last posted its quarterly earnings results 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). Orla Mining had a negative return on equity of 2.50% and a negative net margin of 4.12%. The business had revenue of C$115.71 million during the quarter. Research analysts anticipate that Orla Mining will post 0.3352878 earnings per share for the current fiscal 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.