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

Orla Mining Ltd. (TSE:OLA) has earned an average recommendation of “Buy” from the five research firms that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$29.61.

A number of equities analysts have recently issued reports on OLA shares. Royal Bank Of Canada lowered their price objective on Orla Mining from C$28.00 to C$19.00 in a research report on Thursday. 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. Finally, TD Securities upgraded shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 20th.

Insider Buying and Selling at Orla Mining

In related news, insider Ling Stephen sold 2,220 shares of Orla Mining stock in a transaction on Monday, May 25th. The shares were 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 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 company insiders.

Orla Mining Stock Up 3.2%

Shares of TSE:OLA opened at C$13.79 on Friday. The firm has a market cap of C$5.18 billion, a P/E ratio of 19.15 and a beta of 1.33. Orla Mining has a 12-month low of C$12.67 and a 12-month high of C$29.99. The business has a fifty day simple moving average of C$16.20 and a 200 day simple moving average of C$20.18. 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 released its quarterly earnings results on Monday, May 11th. The company reported C$0.54 EPS for the quarter. The firm had revenue of C$526.75 million for the quarter. Orla Mining had a return on equity of 40.70% and a net margin of 19.45%. Analysts predict that Orla Mining will post 0.3352878 earnings per share for the current year.

Orla Mining Announces Dividend

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

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.