Orla Mining (TSE:OLA) Trading Down 7.4% – Should You Sell?

Orla Mining Ltd. (TSE:OLA)’s stock price dropped 7.4% on Friday . The company traded as low as C$17.57 and last traded at C$17.81. Approximately 1,151,904 shares changed hands during mid-day trading, an increase of 29% from the average daily volume of 891,175 shares. The stock had previously closed at C$19.23.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. CIBC lifted their price objective on shares of Orla Mining from C$25.00 to C$27.00 in a research note on Monday, October 20th. Royal Bank Of Canada lifted their price target on shares of Orla Mining from C$23.00 to C$26.00 in a research report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Orla Mining currently has a consensus rating of “Buy” and a consensus price target of C$17.11.

Orla Mining Trading Down 9.2%

The company has a quick ratio of 1.22, a current ratio of 4.54 and a debt-to-equity ratio of 12.68. The business’s fifty day moving average is C$16.22 and its 200 day moving average is C$15.21. The firm has a market capitalization of C$5.94 billion, a price-to-earnings ratio of 109.19 and a beta of 0.14.

Orla Mining (TSE:OLA) last issued its quarterly earnings results on Tuesday, November 11th. The company reported C$0.22 EPS for the quarter. The company had revenue of C$382.88 million for the quarter. Orla Mining had a return on equity of 2.24% and a net margin of 3.15%. Equities analysts predict that Orla Mining Ltd. will post 0.3352878 earnings per share 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.