Orla Mining (TSE:OLA) Hits New 1-Year High Following Analyst Upgrade

Orla Mining Ltd. (TSE:OLA)’s stock price reached a new 52-week high on Monday after Desjardins raised their price target on the stock from C$28.00 to C$29.00. Desjardins currently has a buy rating on the stock. Orla Mining traded as high as C$27.01 and last traded at C$26.86, with a volume of 246010 shares changing hands. The stock had previously closed at C$25.26.

Several other equities research analysts have also recently commented on the stock. CIBC raised their target price on shares of Orla Mining from C$25.00 to C$27.00 in a research report on Monday, October 20th. TD Securities lowered their price objective on shares of Orla Mining from C$28.00 to C$25.00 in a report on Thursday. Royal Bank Of Canada lifted their price objective on Orla Mining from C$26.00 to C$32.00 in a research report on Wednesday, December 10th. Natl Bk Canada raised Orla Mining to a “strong-buy” rating in a research report on Monday, January 12th. Finally, National Bankshares lifted their price target on Orla Mining from C$27.00 to C$29.00 and gave the company an “outperform” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Orla Mining currently has a consensus rating of “Buy” and an average target price of C$23.38.

Insider Buying and Selling

In other Orla Mining news, insider Paul Schmidt sold 2,552 shares of the business’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of C$17.44, for a total value of C$44,506.88. Following the sale, the insider directly owned 8,082 shares of the company’s stock, valued at approximately C$140,950.08. The trade was a 24.00% decrease in their ownership of the stock. Also, insider John Andrew Cormier sold 30,000 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of C$17.61, for a total value of C$528,300.00. Insiders have sold 77,828 shares of company stock worth $1,376,992 in the last 90 days. Insiders own 51.68% of the company’s stock.

Orla Mining Stock Performance

The company has a quick ratio of 1.22, a current ratio of 4.54 and a debt-to-equity ratio of 12.68. The stock has a market capitalization of C$9.13 billion, a P/E ratio of 167.88 and a beta of 0.29. The business has a fifty day moving average price of C$19.28 and a 200-day moving average price of C$16.54.

Orla Mining (TSE:OLA) last issued its earnings results on Tuesday, November 11th. The company reported C$0.22 earnings per share for the quarter. The business had revenue of C$382.88 million during the quarter. Orla Mining had a return on equity of 2.24% and a net margin of 3.15%. On average, sell-side analysts expect that Orla Mining Ltd. will post 0.3352878 EPS for the current 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.