Orla Mining Ltd. (TSE:OLA) Receives C$14.39 Average PT from Brokerages

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

Several analysts have commented on OLA shares. Desjardins boosted their target price on shares of Orla Mining from C$12.00 to C$13.00 and gave the stock a "buy" rating in a research report on Wednesday, March 19th. BMO Capital Markets upped their price objective on shares of Orla Mining from C$12.50 to C$14.50 in a report on Thursday, March 20th. Stifel Nicolaus upped their price objective on shares of Orla Mining from C$15.50 to C$19.00 in a report on Monday, April 21st. Cormark upped their price objective on shares of Orla Mining from C$10.00 to C$12.00 in a report on Thursday, March 20th. Finally, Stifel Canada upgraded shares of Orla Mining to a "strong-buy" rating in a report on Wednesday, March 19th.

Insiders Place Their Bets

In other news, Senior Officer Etienne Morin sold 77,470 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of C$13.00, for a total transaction of C$1,007,110.00. Also, Director Jean Robitaille sold 200,000 shares of the company's stock in a transaction dated 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. Insiders sold a total of 385,399 shares of company stock valued at $5,067,805 in the last quarter. Insiders own 51.68% of the company's stock.

Orla Mining Trading Down 10.2%

TSE OLA traded down C$1.73 on Wednesday, hitting C$15.18. 720,877 shares of the stock were exchanged, compared to its average volume of 611,691. Orla Mining has a 52-week low of C$4.60 and a 52-week high of C$16.98. 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 company has a market capitalization of C$3.44 billion, a price-to-earnings ratio of 324.46 and a beta of 1.57. The company's 50-day moving average price is C$14.29 and its two-hundred day moving average price is C$11.00.

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.