Brokerages Set Orla Mining Ltd. (TSE:OLA) PT at C$13.28

Orla Mining Ltd. (TSE:OLA) has received a consensus rating of “Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$14.39.

Several equities research analysts have weighed in on OLA shares. Cormark upped their target price on Orla Mining from C$10.00 to C$12.00 in a research note on Thursday, March 20th. CIBC raised their price objective on Orla Mining from C$16.25 to C$18.50 in a research note on Thursday, April 17th. Stifel Nicolaus lifted their target price on Orla Mining from C$15.50 to C$19.00 in a research report on Monday, April 21st. Royal Bank of Canada increased their target price on shares of Orla Mining from C$13.00 to C$15.00 in a report on Friday, April 4th. Finally, BMO Capital Markets lifted their price target on shares of Orla Mining from C$12.50 to C$14.50 in a report on Thursday, March 20th.

Insider Buying and Selling

In other news, Director Charles A. Jeannes sold 15,023 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of C$12.86, for a total value of C$193,257.37. Also, Director Jean Robitaille sold 42,906 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of C$13.00, for a total transaction of C$557,778.00. Insiders sold a total of 385,399 shares of company stock valued at $5,067,805 in the last three months. Insiders own 51.68% of the company’s stock.

Orla Mining Stock Performance

Shares of Orla Mining stock opened at C$12.30 on Friday. The company has a current ratio of 4.54, a quick ratio of 1.22 and a debt-to-equity ratio of 12.68. The company has a market cap of C$2.79 billion, a PE ratio of 262.90 and a beta of 1.57. The company has a 50 day moving average of C$13.72 and a 200-day moving average of C$10.09. Orla Mining has a 1-year low of C$4.60 and a 1-year high of C$16.53.

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.