Orla Mining (TSE:OLA) Reaches New 52-Week High – Time to Buy?

Shares of Orla Mining Ltd. (TSE:OLA) reached a new 52-week high during mid-day trading on Wednesday . The company 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.

Wall Street Analyst Weigh In

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

Orla Mining Price Performance

The firm has a market cap of C$3.26 billion, a P/E ratio of -203.60 and a beta of 1.57. The company has a fifty day moving average of C$8.10 and a 200-day moving average of C$6.62. 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 posted its earnings results on Tuesday, November 12th. The company reported C$0.08 earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter in the prior year, the business posted $0.03 earnings per share. On average, sell-side analysts anticipate that Orla Mining Ltd. will post 0.3352878 EPS 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.