Orla Mining Ltd. (TSE:OLA) Receives Consensus Recommendation of "Buy" from Analysts

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 covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$14.82.

A number of analysts recently issued reports on the company. BMO Capital Markets increased their target price on Orla Mining from C$12.50 to C$14.50 in a research note on Thursday, March 20th. Stifel Canada upgraded Orla Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. Stifel Nicolaus lifted their target price on shares of Orla Mining from C$15.50 to C$19.00 in a report on Monday, April 21st. Cormark lifted their price objective on shares of Orla Mining from C$10.00 to C$12.00 in a research note on Thursday, March 20th. Finally, CIBC boosted their price target on Orla Mining from C$16.25 to C$18.50 in a research note on Thursday, April 17th.

Insiders Place Their Bets

In other news, Senior Officer Sylvain Guerard sold 15,000 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of C$15.98, for a total value of C$239,668.50. Also, Director Timothy Quentin Haldane sold 17,962 shares of Orla Mining stock in a transaction on 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 three months, insiders have sold 50,462 shares of company stock valued at $781,286. Company insiders own 51.68% of the company's stock.

Orla Mining Trading Down 1.3%

Shares of TSE OLA traded down C$0.18 during midday trading on Friday, hitting C$13.50. The stock had a trading volume of 345,822 shares, compared to its average volume of 617,848. The company has a debt-to-equity ratio of 12.68, a current ratio of 4.54 and a quick ratio of 1.22. Orla Mining has a fifty-two week low of C$4.60 and a fifty-two week high of C$16.98. The firm has a market cap of C$3.06 billion, a P/E ratio of 288.55 and a beta of 1.57. The company's 50-day simple moving average is C$14.46 and its 200 day simple moving average is C$11.92.

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.