Orla Mining Ltd. (TSE:OLA) Receives C$11.86 Average Target Price from Analysts

Orla Mining Ltd. (TSE:OLA) has been given an average rating of “Buy” by the six brokerages that are presently 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 issued a strong buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$11.86.

A number of research firms recently commented on OLA. Stifel Nicolaus set a C$15.50 price objective on shares of Orla Mining and gave the company a “buy” rating in a research note on Wednesday, March 19th. Scotiabank boosted their price objective on Orla Mining from C$7.75 to C$8.75 in a research note on Wednesday, January 15th. BMO Capital Markets lifted their target price on Orla Mining from C$12.50 to C$14.50 in a report on Thursday, March 20th. TD Securities raised shares of Orla Mining to a “hold” rating in a research note on Tuesday, February 4th. Finally, Desjardins raised their target price on shares of Orla Mining from C$12.00 to C$13.00 and gave the stock a “buy” rating in a report on Wednesday, March 19th.

Insiders Place Their Bets

In related news, Senior Officer Etienne Morin sold 77,470 shares of the company’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of C$13.00, for a total value of C$1,007,110.00. Also, Director Charles A. Jeannes sold 15,023 shares of the company’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of C$12.86, for a total transaction of C$193,257.37. Insiders sold 135,399 shares of company stock valued at $1,758,145 over the last quarter. Insiders own 51.68% of the company’s stock.

Orla Mining Stock Performance

Shares of OLA opened at C$13.03 on Friday. The firm has a market capitalization of C$2.95 billion, a PE ratio of 278.51 and a beta of 1.57. The company has a quick ratio of 1.22, a current ratio of 4.54 and a debt-to-equity ratio of 12.68. The firm has a 50-day moving average price of C$10.22 and a 200 day moving average price of C$7.95. Orla Mining has a 52-week low of C$4.60 and a 52-week high of C$13.76.

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.