Orla Mining (TSE:OLA) Reaches New 1-Year High – Here’s What Happened

Orla Mining Ltd. (TSE:OLA)’s stock price hit a new 52-week high 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.

Analyst Upgrades and Downgrades

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

Orla Mining Stock Performance

The business’s fifty day moving average is C$7.97 and its 200-day moving average is C$6.56. 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 cap of C$2.97 billion, a PE ratio of -185.80 and a beta of 1.57.

Orla Mining (TSE:OLA) last issued its quarterly earnings results on Tuesday, November 12th. The company reported C$0.08 earnings per share 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 previous year, the firm posted $0.03 EPS. As a group, research analysts predict 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.