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

Orla Mining Ltd. (TSE:OLAGet Free Report) has been assigned an average rating of “Buy” from the five brokerages that are covering the stock, MarketBeat reports. Four investment 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 analysts that have updated their coverage on the stock in the last year is C$28.39.

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

Read Our Latest Report on Orla Mining

Insider Buying and Selling

In other Orla Mining news, insider Ling Stephen sold 2,220 shares of Orla Mining stock in a transaction dated 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 transaction, the insider directly owned 1,915 shares of the company’s stock, valued at approximately C$33,282.70. The trade was a 53.69% decrease in their position. Insiders own 51.68% of the company’s stock.

Orla Mining Stock Performance

Shares of OLA stock opened at C$12.54 on Tuesday. The firm has a market capitalization of C$4.71 billion, a price-to-earnings ratio of 17.42 and a beta of 1.33. The company has a current ratio of 1.06, a quick ratio of 1.22 and a debt-to-equity ratio of 42.47. The business’s 50-day moving average price is C$14.28 and its 200-day moving average price is C$19.39. Orla Mining has a 12 month low of C$11.81 and a 12 month high of C$29.99.

Orla Mining (TSE:OLAGet Free Report) last released its quarterly earnings data on Monday, May 11th. The company reported C$0.54 earnings per share (EPS) for the quarter. The company 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%. Equities research analysts forecast that Orla Mining will post 0.3352878 EPS for the current year.

Orla Mining Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Tuesday, June 9th were given a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, May 26th. Orla Mining’s dividend payout ratio (DPR) is currently 2.08%.

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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Analyst Recommendations for Orla Mining (TSE:OLA)

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