TD Securities Upgrades Orla Mining (TSE:OLA) to “Strong-Buy”

Orla Mining (TSE:OLA) was upgraded by equities researchers at TD Securities from a “hold” rating to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

OLA has been the subject of a number of other research reports. Scotiabank raised their price objective on Orla Mining from C$21.00 to C$26.50 in a research report on Monday, January 26th. Desjardins set a C$35.00 target price on Orla Mining and gave the stock a “buy” rating in a research report on Thursday, April 23rd. National Bank Financial boosted their target price on Orla Mining from C$27.00 to C$29.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. Stifel Nicolaus boosted their target price on Orla Mining from C$28.00 to C$35.00 in a research report on Tuesday, February 10th. Finally, BMO Capital Markets boosted their target price on Orla Mining from C$22.00 to C$30.00 in a research report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to MarketBeat, Orla Mining has an average rating of “Buy” and an average target price of C$31.06.

Orla Mining Price Performance

Shares of Orla Mining stock opened at C$16.91 on Wednesday. The stock’s 50-day simple moving average is C$21.04 and its 200-day simple moving average is C$20.70. Orla Mining has a 52 week low of C$12.67 and a 52 week high of C$29.99. The company has a market capitalization of C$5.85 billion, a price-to-earnings ratio of 23.49 and a beta of 1.36. The company has a quick ratio of 1.22, a current ratio of 1.06 and a debt-to-equity ratio of 42.47.

Orla Mining (TSE:OLA) last announced its quarterly earnings results on Monday, May 11th. The company reported C$0.54 earnings per share (EPS) for the quarter. The company had revenue of C$526.76 million for the quarter. Orla Mining had a net margin of 19.60% and a return on equity of 41.46%. As a group, analysts expect that Orla Mining 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.