Orla Mining Ltd. (TSE:OLA) Receives Average Rating of "Buy" from Analysts

Orla Mining Ltd. (TSE:OLA - Get Free Report) has been given an average recommendation of "Buy" by the six brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$12.84.

OLA has been the topic of a number of recent analyst reports. Stifel Nicolaus set a C$15.50 price target on shares of Orla Mining and gave the company a "buy" rating in a research report on Wednesday, March 19th. Stifel Canada upgraded shares of Orla Mining to a "strong-buy" rating in a report on Wednesday, March 19th. BMO Capital Markets boosted their target price on shares of Orla Mining from C$12.50 to C$14.50 in a research report on Thursday, March 20th. CIBC raised their price target on Orla Mining from C$16.25 to C$18.50 in a research report on Thursday. Finally, Scotiabank boosted their price objective on Orla Mining from C$7.75 to C$8.75 in a research report on Wednesday, January 15th.

Orla Mining Stock Down 1.1 %

Shares of TSE OLA traded down C$0.18 during mid-day trading on Tuesday, reaching C$15.61. 480,206 shares of the company traded hands, compared to its average volume of 641,411. The company's fifty day moving average is C$12.08 and its two-hundred day moving average is C$9.07. Orla Mining has a fifty-two week low of C$4.60 and a fifty-two week high of C$16.30. The company has a debt-to-equity ratio of 12.68, a quick ratio of 1.22 and a current ratio of 4.54. The stock has a market cap of C$3.54 billion, a PE ratio of 333.65 and a beta of 1.57.

Insider Activity

In related news, Director Charles A. Jeannes sold 15,023 shares of the firm's stock in a transaction on Friday, March 21st. The stock was sold at an average price of C$12.86, for a total value of C$193,257.37. Also, Director Jean Robitaille sold 200,000 shares of the business's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of C$13.25, for a total transaction of C$2,650,000.00. Over the last 90 days, insiders sold 385,399 shares of company stock valued at $5,067,805. Insiders own 51.68% of the company's stock.

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.