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

Shares of Orla Mining Ltd. (TSE:OLA) have earned a consensus rating of “Buy” from the five ratings firms that are currently 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 brokers that have covered the stock in the last year is C$31.06.

Several analysts have recently issued reports on the stock. ATB Cormark Capital Markets upgraded shares of Orla Mining from a “hold” rating to a “moderate buy” rating and lifted their target price for the company from C$25.00 to C$35.00 in a research report on Monday, February 23rd. TD Securities upgraded shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 20th. Finally, Desjardins set a C$35.00 target price on shares of Orla Mining and gave the company a “buy” rating in a research report on Thursday, April 23rd.

Orla Mining Stock Down 1.0%

Shares of TSE OLA opened at C$14.59 on Monday. The company’s 50-day simple moving average is C$18.40 and its 200-day simple moving average is C$20.61. Orla Mining has a 52-week low of C$12.67 and a 52-week high of C$29.99. The firm has a market cap of C$5.05 billion, a price-to-earnings ratio of 20.26 and a beta of 1.19. The company has a quick ratio of 1.22, a current ratio of 1.06 and a debt-to-equity ratio of 42.47.

Orla Mining (TSE:OLA) last announced its earnings results on Monday, May 11th. The company reported C$0.54 earnings per share (EPS) for the quarter. Orla Mining had a net margin of 19.45% and a return on equity of 40.70%. The business had revenue of C$526.76 million for the quarter. Equities analysts predict that Orla Mining will post 0.3352878 EPS for the current fiscal year.

Orla Mining Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, June 9th were given a $0.015 dividend. The ex-dividend date was Tuesday, May 26th. This represents a $0.06 annualized dividend and a dividend yield of 0.4%. Orla Mining’s dividend payout ratio (DPR) is 2.08%.

Insider Buying and Selling at Orla Mining

In other news, insider Ling Stephen sold 2,220 shares of the firm’s stock in a transaction dated Monday, May 25th. The shares were sold at an average price of C$17.38, for a total value 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. This trade represents a 53.69% decrease in their ownership of the stock. Corporate insiders own 51.68% of the company’s stock.

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.