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

Orla Mining Ltd. (TSE:OLA) has earned an average recommendation of “Buy” from the four analysts that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$28.39.

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

Orla Mining Stock Performance

TSE:OLA opened at C$13.46 on Friday. Orla Mining has a one year low of C$11.81 and a one year high of C$29.99. The business has a fifty day moving average price of C$13.40 and a 200-day moving average price of C$18.22. The firm has a market capitalization of C$5.05 billion, a price-to-earnings ratio of 18.69 and a beta of 1.30. The company has a debt-to-equity ratio of 42.47, a current ratio of 1.06 and a quick ratio of 1.22.

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.