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The latest announcement is out from Orla Mining ( (TSE:OLA) ).
Orla Mining Ltd. announced the results of its Annual General and Special Meeting of Shareholders, where all nominated directors were elected to the Board. The meeting also saw the approval of Deloitte LLP as the company’s auditor, a non-binding advisory resolution on executive compensation, and amendments to the company’s stock option and restricted share unit plans. The retirement of Tim Haldane from the Board was acknowledged, highlighting his contributions to the company’s growth from a single-asset developer to a multi-asset producer.
The most recent analyst rating on (TSE:OLA) stock is a Buy with a C$19.00 price target. To see the full list of analyst forecasts on Orla Mining stock, see the TSE:OLA Stock Forecast page.
Spark’s Take on TSE:OLA Stock
According to Spark, TipRanks’ AI Analyst, TSE:OLA is a Outperform.
Orla Mining’s strong financial performance and strategic corporate actions are the primary drivers of its score. However, the negative P/E ratio and lack of a dividend yield present valuation concerns. The positive market momentum and strategic expansions, including the Musselwhite acquisition, support a generally favorable outlook.
To see Spark’s full report on TSE:OLA stock, click here.
More about Orla Mining
Orla Mining Ltd. is a company focused on acquiring, developing, and operating mineral properties to enhance stakeholder value. It operates two mines: Camino Rojo in Mexico, a gold and silver open-pit mine, and Musselwhite Mine in Canada, an underground gold mine. Additionally, it has a development project, South Railroad, in Nevada, USA.
Average Trading Volume: 599,477
Technical Sentiment Signal: Buy
Current Market Cap: C$4.9B
See more insights into OLA stock on TipRanks’ Stock Analysis page.