Orla Mining Ltd. (TSE:OLA) Receives Average Recommendation of “Buy” from Brokerages

Shares of Orla Mining Ltd. (TSE:OLA) have been given a consensus rating of “Buy” by the four analysts that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$28.39.

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

Orla Mining Stock Performance

Shares of TSE OLA opened at C$13.46 on Friday. Orla Mining has a 1 year low of C$11.81 and a 1 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 firm has a 50-day moving average of C$13.37 and a 200 day moving average of C$17.88. The stock has a market cap of C$5.05 billion, a P/E ratio of 18.69 and a beta of 1.30.

About Orla Mining

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.