Orla Mining Ltd. (TSE:OLA - Get Free Report) shares hit 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 changing hands. The stock had previously closed at C$9.05.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on OLA shares. Desjardins upgraded shares of Orla Mining to a "moderate buy" rating in a report on Thursday, October 31st. TD Securities raised Orla Mining to a "hold" rating in a research note on Tuesday. CIBC boosted their price objective on Orla Mining from C$8.50 to C$9.25 in a research note on Tuesday, December 17th. Stifel Nicolaus raised their target price on Orla Mining from C$8.00 to C$9.75 in a research note on Monday, December 2nd. Finally, Scotiabank boosted their price target on shares of Orla Mining from C$7.75 to C$8.75 in a research report on Wednesday, January 15th.
View Our Latest Report on OLA
Orla Mining Price Performance
The company has a market cap of C$3.30 billion, a price-to-earnings ratio of -206.60 and a beta of 1.57. The company has a current ratio of 5.89, a quick ratio of 1.22 and a debt-to-equity ratio of 17.76. The business has a 50-day moving average price of C$8.24 and a 200 day moving average price of C$6.67.
Orla Mining (TSE:OLA - Get Free Report) last announced its earnings results on Tuesday, November 12th. The company reported C$0.08 EPS for the quarter, missing the consensus estimate of C$0.13 by C($0.05). Orla Mining had a negative net margin of 4.12% and a negative return on equity of 2.50%. During the same period in the previous year, the company earned $0.03 EPS. As a group, research analysts expect that Orla Mining Ltd. will post 0.3352878 earnings per share for the current fiscal year.
Orla Mining Company Profile
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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.
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