Orla Mining Ltd. (TSE:OLA) Receives Consensus Rating of "Buy" from Brokerages

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

A number of analysts recently issued reports on OLA shares. Stifel Nicolaus decreased their price objective on 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. Royal Bank Of Canada boosted their price objective on Orla Mining from C$15.00 to C$18.00 in a research note on Wednesday, June 4th.

Insider Buying and Selling

In related news, Director David Andrew Stephens sold 7,500 shares of the business's stock in a transaction on Monday, June 16th. The stock was sold at an average price of C$15.47, for a total transaction of C$116,025.75. Also, Director Timothy Quentin Haldane sold 17,962 shares of the business's stock in a transaction on Monday, June 9th. The shares were sold at an average price of C$15.06, for a total value of C$270,527.48. In the last 90 days, insiders have sold 50,462 shares of company stock valued at $781,286. 51.68% of the stock is owned by company insiders.

Orla Mining Stock Performance

Shares of TSE OLA traded up C$0.05 during trading on Monday, reaching C$14.45. 71,690 shares of the stock traded hands, compared to its average volume of 648,363. Orla Mining has a 52-week low of C$5.24 and a 52-week high of C$17.45. 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 50-day moving average of C$14.34 and a 200-day moving average of C$13.43. The stock has a market capitalization of C$3.27 billion, a P/E ratio of 308.86 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.