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

Shares of Orla Mining Ltd. (TSE:OLA - Get Free Report) have been given an average recommendation of "Moderate Buy" by the six analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$6.34.

Several research analysts recently commented on the company. CIBC increased their price target on Orla Mining from C$7.25 to C$7.50 in a research report on Wednesday, July 10th. Scotiabank increased their price target on Orla Mining from C$5.25 to C$6.00 in a research report on Thursday.

Insiders Place Their Bets

In other Orla Mining news, Senior Officer Etienne Morin sold 20,000 shares of the firm's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of C$5.86, for a total transaction of C$117,178.00. In other Orla Mining news, Senior Officer Andrew James Bradbury sold 12,500 shares of the firm's stock in a transaction on Thursday, September 12th. The stock was sold at an average price of C$5.90, for a total value of C$73,750.00. Also, Senior Officer Etienne Morin sold 20,000 shares of the firm's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of C$5.86, for a total value of C$117,178.00. Insiders have sold a total of 101,000 shares of company stock worth $577,457 in the last 90 days. Company insiders own 34.48% of the company's stock.

Orla Mining Trading Up 0.2 %

TSE:OLA traded up C$0.01 on Friday, reaching C$6.19. The company's stock had a trading volume of 1,150,627 shares, compared to its average volume of 468,229. Orla Mining has a 1-year low of C$3.53 and a 1-year high of C$6.37. The company has a debt-to-equity ratio of 17.76, a quick ratio of 1.22 and a current ratio of 5.89. The firm has a market cap of C$1.98 billion, a PE ratio of -123.80 and a beta of 1.59. The business's 50-day moving average price is C$5.54 and its two-hundred day moving average price is C$5.45.

Orla Mining (TSE:OLA - Get Free Report) last posted its quarterly earnings data on Monday, August 12th. The company reported C$0.09 earnings per share for the quarter, missing the consensus estimate of C$0.10 by C($0.01). The firm had revenue of C$115.71 million for the quarter. Orla Mining had a negative return on equity of 2.50% and a negative net margin of 4.12%. Equities research analysts anticipate that Orla Mining will post 0.2979744 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.