Orla Mining (TSE:OLA) Sets New 1-Year High – Time to Buy?

Orla Mining Ltd. (TSE:OLA) reached a new 52-week high during trading on Thursday . The stock traded as high as C$20.05 and last traded at C$19.68, with a volume of 153895 shares traded. The stock had previously closed at C$18.83.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. CIBC boosted their price objective on shares of Orla Mining from C$25.00 to C$27.00 in a research report on Monday, October 20th. Royal Bank Of Canada upped their price target on shares of Orla Mining from C$26.00 to C$32.00 in a report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Orla Mining presently has a consensus rating of “Buy” and a consensus price target of C$17.96.

Orla Mining Stock Up 4.0%

The company has a current ratio of 4.54, a quick ratio of 1.22 and a debt-to-equity ratio of 12.68. The company has a 50-day simple moving average of C$16.70 and a 200 day simple moving average of C$15.46. The company has a market cap of C$6.66 billion, a P/E ratio of 122.44 and a beta of 0.14.

Orla Mining (TSE:OLA) last issued its earnings results on Tuesday, November 11th. The company reported C$0.22 earnings per share (EPS) for the quarter. The firm had revenue of C$382.88 million during the quarter. Orla Mining had a net margin of 3.15% and a return on equity of 2.24%. On average, equities analysts anticipate 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.