Orla Mining Ltd. (TSE:OLA) Given Average Recommendation of “Moderate Buy” by Analysts

Orla Mining Ltd. (TSE:OLA) has been given an average recommendation of “Moderate Buy” by the five ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$7.04.

OLA has been the topic of a number of research reports. Desjardins raised shares of Orla Mining to a “moderate buy” rating in a report on Thursday, October 31st. Scotiabank upgraded Orla Mining from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$6.00 to C$7.75 in a research note on Wednesday. Finally, Stifel Nicolaus increased their price target on Orla Mining from C$6.50 to C$8.00 in a research note on Monday, October 21st.

Orla Mining Stock Up 0.3 %

Shares of TSE:OLA opened at C$6.78 on Friday. Orla Mining has a 1 year low of C$3.53 and a 1 year high of C$7.16. The company has a market capitalization of C$2.17 billion, a PE ratio of -135.60 and a beta of 1.57. The business has a fifty day moving average price of C$6.22 and a two-hundred day moving average price of C$5.72. The company has a debt-to-equity ratio of 17.76, a current ratio of 5.89 and a quick ratio of 1.22.

Insider Activity at Orla Mining

In other Orla Mining news, Senior Officer Andrew James Bradbury sold 12,500 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$5.90, for a total value of C$73,750.00. Also, Director Jean Robitaille sold 46,600 shares of Orla Mining stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$5.74, for a total value of C$267,549.24. 51.68% of the stock is currently owned by corporate insiders.

Orla Mining Company Profile

Orla Mining Ltd. acquires, explores, develops, and exploits mineral properties. The company explores for gold, silver, zinc, lead, and copper deposits. It owns 100% interests in the Camino Rojo project that consists of seven concessions covering an area of 138,636 hectares located in Zacatecas, Mexico; Cerro Quema project totaling an area of 15,000 hectares located in the Azuero Peninsula, Panama; and the South Railroad project consisting of an area of 21,000 hectares located in Elko, Nevada.