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

Shares of Orla Mining Ltd. (TSE:OLA - Get Free Report) have received a consensus rating of "Buy" from the six research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$14.39.

A number of analysts recently weighed in on the stock. BMO Capital Markets raised their price target on shares of Orla Mining from C$12.50 to C$14.50 in a report on Thursday, March 20th. Cormark upped their price target on shares of Orla Mining from C$10.00 to C$12.00 in a research report on Thursday, March 20th. Stifel Canada raised shares of Orla Mining to a "strong-buy" rating in a research report on Wednesday, March 19th. Desjardins upped their price target on shares of Orla Mining from C$12.00 to C$13.00 and gave the stock a "buy" rating in a report on Wednesday, March 19th. Finally, Scotiabank upped their price target on shares of Orla Mining from C$7.75 to C$8.75 in a research report on Wednesday, January 15th.

Insider Buying and Selling

In other Orla Mining news, Director Charles A. Jeannes sold 15,023 shares of the firm's stock in a transaction that occurred on 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, Senior Officer Etienne Morin sold 77,470 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$1,007,110.00. Insiders sold a total of 385,399 shares of company stock worth $5,067,805 in the last 90 days. 51.68% of the stock is owned by corporate insiders.

Orla Mining Stock Performance

Orla Mining stock traded up C$0.26 during mid-day trading on Friday, reaching C$12.56. The company had a trading volume of 187,258 shares, compared to its average volume of 617,107. The company has a quick ratio of 1.22, a current ratio of 4.54 and a debt-to-equity ratio of 12.68. Orla Mining has a 52 week low of C$4.60 and a 52 week high of C$16.53. The company has a 50 day moving average of C$13.72 and a 200-day moving average of C$10.09. The firm has a market cap of C$2.85 billion, a price-to-earnings ratio of 268.46 and a beta of 1.57.

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.