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

Orla Mining Ltd. (TSE:OLAGet Free Report)’s share price reached a new 52-week high during 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 trading hands. The stock had previously closed at C$8.55.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Research Report on OLA

Orla Mining Stock Performance

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

Orla Mining (TSE:OLAGet Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported C$0.08 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 last year, the business earned $0.03 earnings per share. As a group, analysts predict that Orla Mining Ltd. will post 0.3352878 EPS for the current year.

About Orla Mining

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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.

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