Brokerages Set Orla Mining Ltd. (TSE:OLA) Price Target at C$14.82

Shares of Orla Mining Ltd. (TSE:OLA - Get Free Report) have been assigned a consensus rating of "Buy" from the six research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$14.82.

OLA has been the topic of a number of research analyst reports. CIBC boosted their price objective on shares of Orla Mining from C$16.25 to C$18.50 in a report on Thursday, April 17th. Royal Bank Of Canada boosted their price objective on shares of Orla Mining from C$15.00 to C$18.00 in a report on Wednesday, June 4th. Finally, Stifel Nicolaus boosted their price objective on shares of Orla Mining from C$15.50 to C$19.00 in a report on Monday, April 21st.

Orla Mining Stock Up 4.2%

TSE OLA traded up C$0.57 on Thursday, hitting C$14.29. The stock had a trading volume of 1,399,535 shares, compared to its average volume of 631,077. Orla Mining has a 52-week low of C$4.60 and a 52-week high of C$17.45. The business's fifty day moving average price is C$14.72 and its 200 day moving average price is C$12.80. The company has a debt-to-equity ratio of 12.68, a current ratio of 4.54 and a quick ratio of 1.22. The stock has a market cap of C$3.24 billion, a price-to-earnings ratio of 305.44 and a beta of 1.57.

Insider Activity

In other Orla Mining news, Senior Officer Etienne Morin sold 10,000 shares of the company's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of C$15.51, for a total value of C$155,064.00. Also, Director Timothy Quentin Haldane sold 17,962 shares of the company's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of C$15.06, for a total transaction of C$270,527.48. In the last ninety days, insiders have sold 50,462 shares of company stock worth $781,286. 51.68% of the stock is currently owned by insiders.

About Orla Mining

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.