Orla Mining (TSE:OLA) Issues Quarterly Earnings Results

Orla Mining (TSE:OLA) announced its quarterly earnings data on Thursday. The company reported C$0.58 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$506.00 million during the quarter. Orla Mining had a return on equity of 10.55% and a net margin of 6.91%.

Orla Mining Stock Up 4.5%

OLA stock opened at C$19.29 on Friday. The company has a market cap of C$6.56 billion, a PE ratio of 120.56 and a beta of 0.99. The company has a quick ratio of 1.22, a current ratio of 1.07 and a debt-to-equity ratio of 66.36. Orla Mining has a 52 week low of C$10.43 and a 52 week high of C$29.99. The business has a 50-day simple moving average of C$23.51 and a 200 day simple moving average of C$19.14.

Analyst Ratings Changes

OLA has been the subject of several recent research reports. Scotiabank increased their price target on Orla Mining from C$21.00 to C$26.50 in a research report on Monday, January 26th. BMO Capital Markets raised their target price on shares of Orla Mining from C$22.00 to C$30.00 in a research note on Monday, January 26th. Royal Bank Of Canada upped their price target on shares of Orla Mining from C$26.00 to C$32.00 in a research report on Wednesday, December 10th. National Bank Financial lifted their price objective on shares of Orla Mining from C$27.00 to C$29.00 and gave the company an “outperform” rating in a research report on Thursday, January 22nd. Finally, ATB Cormark Capital Markets upgraded shares of Orla Mining from a “hold” rating to a “moderate buy” rating and boosted their price objective for the stock from C$25.00 to C$35.00 in a research note on Monday, February 23rd. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, Orla Mining currently has an average rating of “Buy” and a consensus price target of C$30.39.

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.