Brokerages Set Orla Mining Ltd. (TSE:OLA) Target Price at C$14.75

Key Points

• Orla Mining Ltd. has received an average recommendation of "Buy" from six analysts, with a twelve-month price objective of C$14.75.
• The company recently experienced insider selling, with senior officers selling a total of 32,500 shares valued at approximately C$510,758 in the last ninety days.
• As of the latest market data, Orla Mining's stock is priced at C$15.85, with a fifty-two week range between C$5.26 and C$17.45.

Orla Mining Ltd. (TSE:OLA - Get Free Report) has been assigned a consensus recommendation of "Buy" from the six brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$14.75.

Several equities analysts recently commented on the stock. Royal Bank Of Canada upped their price target on shares of Orla Mining from C$15.00 to C$18.00 in a research note on Wednesday, June 4th. Stifel Nicolaus reduced their price objective on shares of Orla Mining from C$19.00 to C$18.50 and set a "buy" rating on the stock in a research note on Wednesday, August 6th.

Orla Mining Stock Performance

Shares of OLA stock traded down C$0.05 on Friday, hitting C$15.76. The company's stock had a trading volume of 1,380,123 shares, compared to its average volume of 694,666. 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's 50 day moving average is C$14.82 and its 200-day moving average is C$14.16. Orla Mining has a fifty-two week low of C$5.26 and a fifty-two week high of C$17.78. The company has a market capitalization of C$5.13 billion, a PE ratio of 225.14 and a beta of 0.07.

Insider Transactions at Orla Mining

In other Orla Mining news, Senior Officer Etienne Morin sold 10,000 shares of the stock in a transaction dated Friday, June 20th. The shares were sold at an average price of C$15.51, for a total transaction of C$155,064.00. 51.68% of the stock is owned by insiders.

Orla Mining Company Profile

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.