Orla Mining Ltd. (TSE:OLA - Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$8.18 and last traded at C$8.14, with a volume of 589558 shares changing hands. The stock had previously closed at C$7.96.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on OLA shares. CIBC boosted their target price on shares of Orla Mining from C$8.50 to C$9.25 in a research report on Tuesday, December 17th. Stifel Nicolaus increased their target price on shares of Orla Mining from C$8.00 to C$9.75 in a research report on Monday, December 2nd. Scotiabank upgraded shares of Orla Mining from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from C$6.00 to C$7.75 in a research report on Wednesday, November 27th. Finally, Desjardins raised Orla Mining to a "moderate buy" rating in a research report on Thursday, October 31st.
Check Out Our Latest Stock Analysis on Orla Mining
Orla Mining Trading Up 6.9 %
The firm's fifty day simple moving average is C$7.02 and its 200 day simple moving average is C$6.05. The stock has a market capitalization of C$2.72 billion, a P/E ratio of -170.20 and a beta of 1.57. The company has a debt-to-equity ratio of 17.76, a quick ratio of 1.22 and a current ratio of 5.89.
Orla Mining Company Profile
(
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Orla Mining Ltd. acquires, explores, develops, and exploits mineral properties. The company explores for gold, silver, zinc, lead, and copper deposits. It owns 100% interests in the Camino Rojo project that consists of seven concessions covering an area of 138,636 hectares located in Zacatecas, Mexico; Cerro Quema project totaling an area of 15,000 hectares located in the Azuero Peninsula, Panama; and the South Railroad project consisting of an area of 21,000 hectares located in Elko, Nevada.
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