Orla Mining Ltd. (TSE:OLA) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Orla Mining Ltd. (TSE:OLA) have received an average recommendation of “Moderate Buy” from the six research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$6.31.

Separately, CIBC raised their target price on shares of Orla Mining from C$7.25 to C$7.50 in a research note on Wednesday, July 10th.

Insider Activity

In other news, Senior Officer Andrew James Bradbury sold 12,500 shares of the 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. In related news, Senior Officer Etienne Morin sold 20,000 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of C$5.86, for a total transaction of C$117,178.00. Also, Senior Officer Andrew James Bradbury sold 12,500 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of C$5.90, for a total transaction of C$73,750.00. Insiders have sold 54,400 shares of company stock valued at $309,908 over the last ninety days. 34.50% of the stock is currently owned by insiders.

Orla Mining Stock Performance

Shares of Orla Mining stock opened at C$5.55 on Tuesday. The company has a market capitalization of C$1.77 billion, a PE ratio of -111.00 and a beta of 1.59. Orla Mining has a 52 week low of C$3.53 and a 52 week high of C$6.05. The stock’s fifty day moving average is C$5.42 and its two-hundred day moving average is C$5.38. The company has a quick ratio of 1.22, a current ratio of 5.89 and a debt-to-equity ratio of 17.76.

Orla Mining (TSE:OLA) last announced its quarterly earnings results on Monday, August 12th. The company reported C$0.09 earnings per share for the quarter, missing the consensus estimate of C$0.10 by C($0.01). Orla Mining had a negative return on equity of 2.50% and a negative net margin of 4.12%. The business had revenue of C$115.71 million during the quarter. As a group, analysts expect that Orla Mining will post 0.3022388 earnings per share for the current year.

About Orla Mining

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.