Orla Mining Ltd. (TSE:OLA) Receives C$31.06 Average PT from Analysts

Shares of Orla Mining Ltd. (TSE:OLA) have been given an average recommendation of “Buy” by the five analysts that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$31.06.

Several equities research analysts recently issued reports on the company. Stifel Nicolaus boosted their price objective on Orla Mining from C$28.00 to C$35.00 in a report on Tuesday, February 10th. ATB Cormark Capital Markets upgraded Orla Mining from a “hold” rating to a “moderate buy” rating and raised their target price for the company from C$25.00 to C$35.00 in a report on Monday, February 23rd. TD Securities raised Orla Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 20th. Canadian Imperial Bank of Commerce boosted their price target on shares of Orla Mining from C$27.00 to C$32.00 in a research note on Wednesday, February 4th. Finally, Desjardins set a C$35.00 price target on shares of Orla Mining and gave the stock a “buy” rating in a research report on Thursday, April 23rd.

Orla Mining Stock Performance

Shares of TSE:OLA opened at C$16.79 on Thursday. The company has a debt-to-equity ratio of 42.47, a current ratio of 1.06 and a quick ratio of 1.22. The business’s 50 day moving average price is C$20.40 and its 200-day moving average price is C$20.81. The firm has a market capitalization of C$5.81 billion, a PE ratio of 23.32 and a beta of 1.36. Orla Mining has a 1 year low of C$12.67 and a 1 year high of C$29.99.

Orla Mining (TSE:OLA) last posted its quarterly earnings results on Monday, May 11th. The company reported C$0.54 EPS for the quarter. The firm had revenue of C$526.76 million during the quarter. Orla Mining had a return on equity of 41.46% and a net margin of 19.60%. As a group, equities research analysts expect that Orla Mining will post 0.3352878 earnings per share for the current fiscal year.

Orla Mining Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 9th. Shareholders of record on Tuesday, June 9th will be given a $0.015 dividend. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $0.06 dividend on an annualized basis and a yield of 0.4%. Orla Mining’s dividend payout ratio (DPR) is currently 2.08%.

Insider Buying and Selling at Orla Mining

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 completion of the sale, the insider directly owned 1,915 shares of the company’s stock, valued at 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 Company Profile

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.