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

Orla Mining Ltd. (TSE:OLA) has received a consensus rating of “Buy” from the six ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$11.86.

OLA has been the topic of a number of analyst reports. Desjardins increased their price objective on shares of Orla Mining from C$12.00 to C$13.00 and gave the stock a “buy” rating in a report on Wednesday. Stifel Nicolaus set a C$15.50 target price on Orla Mining and gave the stock a “buy” rating in a report on Wednesday. BMO Capital Markets lifted their price objective on shares of Orla Mining from C$12.50 to C$14.50 in a research note on Thursday. Cormark raised their price objective on Orla Mining from C$10.00 to C$12.00 in a research note on Thursday. Finally, Scotiabank lifted their price objective on shares of Orla Mining from C$7.75 to C$8.75 in a research report on Wednesday, January 15th.

Orla Mining Price Performance

Shares of TSE OLA opened at C$13.32 on Friday. Orla Mining has a 1-year low of C$4.60 and a 1-year high of C$13.76. The firm has a market capitalization of C$3.02 billion, a PE ratio of 284.71 and a beta of 1.57. The company has a debt-to-equity ratio of 12.68, a current ratio of 4.54 and a quick ratio of 1.22. The business’s fifty day moving average price is C$9.93 and its two-hundred day moving average price is C$7.78.

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.