Orla Mining (TSE:OLA) Sets New 12-Month High – Still a Buy?

Shares of Orla Mining Ltd. (TSE:OLA) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$9.36 and last traded at C$9.29, with a volume of 481979 shares traded. The stock had previously closed at C$9.05.

Analyst Upgrades and Downgrades

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

Orla Mining Price Performance

The firm has a market cap of C$2.97 billion, a P/E ratio of -185.80 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. The stock’s 50-day simple moving average is C$7.97 and its two-hundred day simple moving average is C$6.56.

Orla Mining (TSE:OLA) last issued its quarterly earnings results 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 quarter in the prior year, the company earned $0.03 EPS. Equities research analysts forecast that Orla Mining Ltd. will post 0.3352878 earnings per share 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.