Orla Mining (TSE:OLA) Reaches New 1-Year High – Still a Buy?

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

Analyst Upgrades and Downgrades

OLA has been the subject of a number of research analyst reports. CIBC boosted their target price on shares of Orla Mining from C$8.50 to C$9.25 in a research note on Tuesday, December 17th. Scotiabank boosted their price objective on shares of Orla Mining from C$7.75 to C$8.75 in a research report on Wednesday, January 15th. Desjardins upgraded Orla Mining to a “moderate buy” rating in a research report on Thursday, October 31st. Finally, Stifel Nicolaus lifted their target price 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 company has a debt-to-equity ratio of 17.76, a current ratio of 5.89 and a quick ratio of 1.22. The stock has a market cap of C$2.80 billion, a price-to-earnings ratio of -175.00 and a beta of 1.57. The firm has a 50 day simple moving average of C$7.65 and a two-hundred day simple moving average of C$6.41.

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