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

Orla Mining Ltd. (TSE:OLA) has been assigned an average recommendation of “Buy” from the five analysts that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$31.06.

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

Insider Buying and Selling at Orla Mining

In other news, insider Ling Stephen sold 2,220 shares of the stock in a transaction on 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 sale, the insider owned 1,915 shares of the company’s stock, valued at approximately C$33,282.70. This represents a 53.69% decrease in their ownership of the stock. Corporate insiders own 51.68% of the company’s stock.

Orla Mining Price Performance

Orla Mining stock opened at C$14.90 on Monday. The company has a market cap of C$5.16 billion, a price-to-earnings ratio of 20.69 and a beta of 1.19. The firm’s fifty day moving average is C$19.28 and its 200 day moving average is C$20.74. 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 52-week low of C$12.67 and a 52-week high of C$29.99.

Orla Mining (TSE:OLA) last released its quarterly 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 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, June 9th were paid a $0.015 dividend. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $0.06 annualized dividend and a dividend yield of 0.4%. 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.