Orla Mining Ltd. (TSE:OLA) Receives C$31.06 Consensus Price Target from Analysts

Orla Mining Ltd. (TSE:OLA) has earned an average recommendation of “Buy” from the five ratings firms that are presently covering the stock, Marketbeat.com reports. Four equities 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 target price among analysts that have covered the stock in the last year is C$31.06.

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

Orla Mining Price Performance

Shares of TSE:OLA opened at C$14.59 on Monday. 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 has a twelve month low of C$12.67 and a twelve month high of C$29.99. The stock’s 50 day moving average is C$18.40 and its 200-day moving average is C$20.61. The firm has a market capitalization of C$5.05 billion, a price-to-earnings ratio of 20.26 and a beta of 1.19.

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

Orla Mining Dividend Announcement

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

Insider Buying and Selling

In related news, insider Ling Stephen sold 2,220 shares of the stock in a transaction on Monday, May 25th. The stock was sold at an average price of C$17.38, for a total value 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 approximately C$33,282.70. This represents a 53.69% decrease in their position. 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.