Orla Mining (TSE:OLA) Reaches New 12-Month High – Here’s Why

Orla Mining Ltd. (TSE:OLA)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as C$8.85 and last traded at C$8.81, with a volume of 137769 shares trading hands. The stock had previously closed at C$8.55.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. CIBC raised their target price on shares of Orla Mining from C$8.50 to C$9.25 in a research report on Tuesday, December 17th. Desjardins upgraded Orla Mining to a “moderate buy” rating in a research report on Thursday, October 31st. Scotiabank increased their target price on Orla Mining from C$7.75 to C$8.75 in a research report on Wednesday, January 15th. Finally, Stifel Nicolaus upped their price objective on Orla Mining from C$8.00 to C$9.75 in a research note on Monday, December 2nd.

Orla Mining Stock Up 2.3 %

The stock has a 50-day moving average price of C$7.65 and a 200-day moving average price of C$6.41. The company has a market capitalization of C$2.80 billion, a P/E ratio of -175.00 and a beta of 1.57. The company has a debt-to-equity ratio of 17.76, a current ratio of 5.89 and a quick ratio of 1.22.

Orla Mining (TSE:OLA) last issued its quarterly earnings results on Tuesday, November 12th. The company reported C$0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.05). Orla Mining had a negative return on equity of 2.50% and a negative net margin of 4.12%. During the same quarter last year, the company posted $0.03 earnings per share. On average, research analysts predict that Orla Mining Ltd. will post 0.3352878 EPS for the current fiscal year.

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.