Brokerages Set Orla Mining Ltd. (TSE:OLA) Target Price at C$6.31

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

A number of equities analysts have commented on the company. Stifel Nicolaus lifted their price target on Orla Mining from C$6.00 to C$6.25 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. Desjardins lifted their price target on Orla Mining from C$6.75 to C$7.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. TD Securities decreased their price target on Orla Mining from C$6.00 to C$5.50 and set a “hold” rating on the stock in a research note on Wednesday, May 15th. Scotiabank cut Orla Mining from an “outperform” rating to a “sector perform” rating and set a C$5.75 price target on the stock. in a research note on Thursday, May 23rd. Finally, CIBC lifted their price target on Orla Mining from C$7.25 to C$7.50 in a research note on Wednesday, July 10th.

Orla Mining Stock Performance

Shares of OLA opened at C$4.91 on Monday. The company has a market cap of C$1.56 billion, a PE ratio of -40.92 and a beta of 1.59. The company has a current ratio of 5.68, a quick ratio of 1.22 and a debt-to-equity ratio of 21.76. The stock has a 50-day moving average price of C$5.38 and a 200-day moving average price of C$5.16. Orla Mining has a 12-month low of C$3.53 and a 12-month high of C$6.52.

Orla Mining (TSE:OLA) last released its earnings results on Tuesday, May 14th. The company reported C$0.07 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.01. The company had revenue of C$90.70 million during the quarter. Orla Mining had a negative return on equity of 5.47% and a negative net margin of 9.11%. As a group, equities analysts forecast that Orla Mining will post 0.2246178 earnings per share for the current fiscal year.

Insider Activity

In other news, Senior Officer John Andrew Cormier sold 35,000 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of C$5.93, for a total transaction of C$207,438.00. In other news, Senior Officer John Andrew Cormier sold 35,000 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of C$5.93, for a total transaction of C$207,438.00. Also, Director Timothy Quentin Haldane sold 65,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of C$5.97, for a total value of C$387,972.00. Insiders have sold a total of 213,100 shares of company stock valued at $1,221,467 over the last ninety days. 34.72% of the stock is currently owned by corporate insiders.

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.