Orla Mining Ltd. (TSE:OLA) Given Consensus Rating of “Buy” by Brokerages

Orla Mining Ltd. (TSE:OLA) has been assigned a consensus rating of “Buy” from the five research firms that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$29.61.

Several equities research analysts have issued reports on the company. Desjardins set a C$35.00 target price on Orla Mining and gave the stock a “buy” rating in a research note on Thursday, April 23rd. TD Securities upgraded Orla Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 20th. Finally, Royal Bank Of Canada cut their price objective on Orla Mining from C$28.00 to C$19.00 in a research report on Thursday, July 9th.

Insider Buying and Selling

In other news, insider Ling Stephen sold 2,220 shares of the firm’s 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 completion of the transaction, the insider directly owned 1,915 shares in the company, valued at C$33,282.70. This trade represents a 53.69% decrease in their ownership of the stock. 51.68% of the stock is owned by company insiders.

Orla Mining Stock Performance

Orla Mining stock opened at C$13.35 on Friday. The firm has a 50 day simple moving average of C$15.93 and a 200-day simple moving average of C$20.05. The stock has a market cap of C$5.01 billion, a price-to-earnings ratio of 18.54 and a beta of 1.33. The company has a debt-to-equity ratio of 42.47, a current ratio of 1.06 and a quick ratio of 1.22. 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 released its quarterly earnings results on Monday, May 11th. The company reported C$0.54 EPS for the quarter. Orla Mining had a net margin of 19.45% and a return on equity of 40.70%. The firm had revenue of C$526.75 million for the quarter. On average, analysts expect that Orla Mining will post 0.3352878 EPS for the current year.

Orla Mining Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Tuesday, June 9th were given a $0.015 dividend. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $0.06 dividend on an annualized basis and a yield of 0.4%. Orla Mining’s payout ratio is presently 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.