Orla Mining (TSE:OLA) Sets New 1-Year High – What’s Next?

Orla Mining Ltd. (TSE:OLA)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$10.92 and last traded at C$10.19, with a volume of 838356 shares. The stock had previously closed at C$10.33.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on OLA shares. Desjardins raised Orla Mining to a “moderate buy” rating in a research note on Thursday, October 31st. Stifel Nicolaus upped their price target on Orla Mining from C$8.00 to C$9.75 in a research note on Monday, December 2nd. TD Securities upgraded shares of Orla Mining to a “hold” rating in a report on Tuesday, February 4th. CIBC increased their target price on shares of Orla Mining from C$8.50 to C$9.25 in a report on Tuesday, December 17th. Finally, Scotiabank upped their price objective on shares of Orla Mining from C$7.75 to C$8.75 in a research report on Wednesday, January 15th.

Orla Mining Stock Performance

The stock’s 50-day moving average price is C$8.24 and its 200 day moving average price is C$6.69. The firm has a market cap of C$3.26 billion, a P/E ratio of -203.80 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 released its quarterly earnings data on Tuesday, November 12th. The company reported C$0.08 EPS for the quarter, missing the consensus estimate 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 period last year, the company posted $0.03 earnings per share. As a group, equities analysts predict that Orla Mining Ltd. will post 0.3352878 EPS for the current year.

About Orla Mining

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.