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

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

A number of research firms have issued reports on OLA. TD Securities upgraded Orla Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 20th. Desjardins decreased their price target on Orla Mining from C$30.00 to C$29.00 and set a “buy” rating for the company in a report on Monday, July 27th. Canadian Imperial Bank of Commerce cut 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 research note on Thursday, July 16th. Finally, Royal Bank Of Canada decreased their price objective on shares of Orla Mining from C$28.00 to C$19.00 in a research note on Thursday, July 9th.

Insider Transactions at Orla Mining

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

Orla Mining Price Performance

Shares of TSE OLA opened at C$13.46 on Tuesday. The company has a market capitalization of C$5.05 billion, a PE ratio of 18.69 and a beta of 1.30. The company has a quick ratio of 1.22, a current ratio of 1.06 and a debt-to-equity ratio of 42.47. The firm has a fifty day simple moving average of C$13.88 and a 200 day simple moving average of C$19.12. Orla Mining has a twelve month low of C$11.81 and a twelve month high of C$29.99.

Orla Mining (TSE:OLA) last released its earnings results on Monday, May 11th. The company reported C$0.54 EPS for the quarter. The business had revenue of C$526.75 million during the quarter. Orla Mining had a return on equity of 40.70% and a net margin of 19.45%. On average, sell-side analysts forecast that Orla Mining will post 0.3352878 EPS for the current year.

Orla Mining Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Tuesday, June 9th were paid a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Tuesday, May 26th. Orla Mining’s payout ratio is currently 2.08%.

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.