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

Orla Mining Ltd. (TSE:OLA) has been given an average rating of “Buy” by the five brokerages that are presently covering the firm, Marketbeat reports. Four research 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 objective among brokerages that have issued ratings on the stock in the last year is C$29.06.

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

Orla Mining Price Performance

Shares of OLA stock opened at C$12.18 on Friday. Orla Mining has a twelve month low of C$12.13 and a twelve month high of C$29.99. The stock has a fifty day simple moving average of C$15.65 and a two-hundred day simple moving average of C$19.95. The stock has a market capitalization of C$4.57 billion, a price-to-earnings ratio of 16.92 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.

Orla Mining (TSE:OLA) last posted its 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 business had revenue of C$526.75 million for the quarter. On average, analysts predict that Orla Mining will post 0.3352878 EPS for the current fiscal year.

Orla Mining Announces Dividend

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

Insiders Place Their Bets

In related news, insider Ling Stephen sold 2,220 shares of the firm’s 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 sale, the insider owned 1,915 shares of the company’s stock, 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 currently owned by insiders.

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.