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

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

Wall Street Analyst Weigh In

A number of research firms have commented on OLA. CIBC upped their price target on Orla Mining from C$8.50 to C$9.25 in a research report on Tuesday, December 17th. Scotiabank raised their target price on Orla Mining from C$7.75 to C$8.75 in a research note on Wednesday, January 15th. 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. Desjardins upgraded Orla Mining to a “moderate buy” rating in a report on Thursday, October 31st. Finally, TD Securities upgraded Orla Mining to a “hold” rating in a report on Tuesday, February 4th.

Orla Mining Stock Performance

The company has a market cap of C$3.26 billion, a PE ratio of -203.80 and a beta of 1.57. The company’s 50 day moving average price is C$8.24 and its 200-day moving average price is C$6.69. The company has a debt-to-equity ratio of 17.76, a quick ratio of 1.22 and a current ratio of 5.89.

Orla Mining (TSE:OLA) last issued 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 quarter in the previous year, the firm posted $0.03 EPS. Equities research analysts anticipate 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.