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

Orla Mining Ltd. (TSE:OLA – Get Free Report) has earned a consensus recommendation of “Buy” from the four analysts that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$28.39.

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

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Orla Mining Price Performance

Shares of OLA opened at C$13.46 on Friday. The business’s 50 day moving average is C$13.40 and its 200 day moving average is C$18.22. The company has a current ratio of 1.06, a quick ratio of 1.22 and a debt-to-equity ratio of 42.47. Orla Mining has a 12-month low of C$11.81 and a 12-month high of C$29.99. The company has a market capitalization of C$5.05 billion, a PE ratio of 18.69 and a beta of 1.30.

Orla Mining Company Profile

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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.

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