Orla Mining (TSE:OLA) Hits New 12-Month High – Should You Buy?

Orla Mining Ltd. (TSE:OLA)’s share price reached a new 52-week high during mid-day trading on Friday . The stock 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 Ratings Changes

Several equities analysts have recently issued reports on OLA shares. Desjardins upgraded Orla Mining to a “moderate buy” rating in a research report on Thursday, October 31st. Stifel Nicolaus boosted their price objective on Orla Mining from C$8.00 to C$9.75 in a research report on Monday, December 2nd. Scotiabank boosted their price objective on Orla Mining from C$7.75 to C$8.75 in a research report on Wednesday, January 15th. Finally, CIBC boosted their price objective on Orla Mining from C$8.50 to C$9.25 in a research report on Tuesday, December 17th.

Orla Mining Price Performance

The stock has a market cap of C$2.82 billion, a P/E ratio of -176.60 and a beta of 1.57. The company has a 50 day simple moving average of C$7.58 and a 200 day simple moving average of C$6.39. The company has a current ratio of 5.89, a quick ratio of 1.22 and a debt-to-equity ratio of 17.76.

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