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


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

Shares of Orla Mining Ltd. (TSE:OLA - Get Free Report) have received a consensus rating of "Moderate Buy" from the five ratings firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$6.56.

Several research analysts have commented on the company. CIBC lifted their price target on Orla Mining from C$7.25 to C$7.50 in a research report on Wednesday, July 10th. Desjardins raised Orla Mining to a "moderate buy" rating in a report on Thursday, October 31st. Stifel Nicolaus lifted their price objective on Orla Mining from C$6.50 to C$8.00 in a report on Monday, October 21st. Finally, Scotiabank lifted their price objective on Orla Mining from C$5.25 to C$6.00 in a report on Thursday, October 10th.

Read Our Latest Stock Report on Orla Mining

Shares of OLA stock opened at C$6.58 on Wednesday. The stock's 50 day simple moving average is C$5.99 and its 200 day simple moving average is C$5.62. The company has a debt-to-equity ratio of 17.76, a quick ratio of 1.22 and a current ratio of 5.89. Orla Mining has a twelve month low of C$3.53 and a twelve month high of C$7.16. The company has a market capitalization of C$2.10 billion, a price-to-earnings ratio of -131.60 and a beta of 1.57.

Orla Mining (TSE:OLA - Get Free Report) last issued its quarterly earnings data on Monday, August 12th. The company reported C$0.09 earnings per share for the quarter, missing analysts' consensus estimates of C$0.10 by C($0.01). Orla Mining had a negative net margin of 4.12% and a negative return on equity of 2.50%. The company had revenue of C$115.71 million during the quarter. As a group, research analysts predict that Orla Mining will post 0.3352878 EPS for the current year.

In related news, Senior Officer Andrew James Bradbury sold 12,500 shares of the business's stock in a transaction on 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 other Orla Mining news, Director Elizabeth Dianne Mcgregor sold 20,000 shares of the business's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of C$5.40, for a total value of C$107,960.00. Also, Senior Officer Andrew James Bradbury sold 12,500 shares of the business's stock in a transaction on Thursday, September 12th. The stock was sold at an average price of C$5.90, for a total value of C$73,750.00. Insiders have sold a total of 101,000 shares of company stock valued at $577,457 in the last 90 days. 51.68% of the stock is owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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