Orla Mining Ltd. (TSE:OLA) Receives C$28.39 Consensus Target Price from Brokerages

Orla Mining Ltd. (TSE:OLA) has earned an average rating of “Buy” from the four analysts that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$28.39.

Several research firms have commented on OLA. Canadian Imperial Bank of Commerce downgraded shares of Orla Mining from an “outperformer” rating to a “tender” rating and dropped their price objective for the company from C$32.00 to C$27.00 in a report on Thursday, July 16th. Royal Bank Of Canada lowered their price target on shares of Orla Mining from C$28.00 to C$19.00 in a research report on Thursday, July 9th. Desjardins dropped their price target on shares of Orla Mining from C$30.00 to C$29.00 and set a “buy” rating on the stock in a research note on Monday, July 27th. Finally, TD Securities raised shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 20th.

Orla Mining Price Performance

Shares of TSE OLA opened at C$13.46 on Tuesday. Orla Mining has a one year low of C$11.81 and a one year high of C$29.99. The company has a debt-to-equity ratio of 42.47, a current ratio of 1.06 and a quick ratio of 1.22. The business’s fifty day moving average price is C$13.96 and its 200-day moving average price is C$19.20. The stock has a market capitalization of C$5.05 billion, a PE ratio of 18.69 and a beta of 1.30.

Orla Mining (TSE:OLA) last announced its quarterly earnings data on Monday, May 11th. The company reported C$0.54 earnings per share for the quarter. Orla Mining had a return on equity of 40.70% and a net margin of 19.45%.The company had revenue of C$526.75 million during the quarter. On average, equities research analysts anticipate that Orla Mining will post 0.3352878 EPS for the current year.

Orla Mining Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, June 9th were issued a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Tuesday, May 26th. Orla Mining’s dividend payout ratio (DPR) is presently 2.08%.

Insider Activity at Orla Mining

In other news, insider Ling Stephen sold 2,220 shares of Orla Mining stock in a transaction on Monday, May 25th. The stock was sold at an average price of C$17.38, for a total value of C$38,583.60. Following the completion of the transaction, the insider directly owned 1,915 shares in the company, valued at approximately C$33,282.70. The trade was a 53.69% decrease in their ownership of the stock. 51.68% of the stock is owned by insiders.

Orla Mining Company Profile

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.