Orla Mining Ltd. (TSE:OLA - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$15.72 and last traded at C$15.65, with a volume of 849435 shares traded. The stock had previously closed at C$15.31.
Analyst Ratings Changes
A number of equities research analysts have recently commented on OLA shares. BMO Capital Markets upped their price objective on shares of Orla Mining from C$12.50 to C$14.50 in a research note on Thursday, March 20th. CIBC boosted their target price on shares of Orla Mining from C$16.25 to C$18.50 in a report on Thursday. TD Securities upgraded Orla Mining to a "hold" rating in a report on Tuesday, February 4th. Scotiabank lifted their price objective on Orla Mining from C$7.75 to C$8.75 in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada upped their target price on Orla Mining from C$13.00 to C$15.00 in a research report on Friday, April 4th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of C$12.84.
Check Out Our Latest Report on OLA
Orla Mining Stock Up 4.7 %
The company has a current ratio of 4.54, a quick ratio of 1.22 and a debt-to-equity ratio of 12.68. The stock's 50-day moving average price is C$12.08 and its 200-day moving average price is C$9.07. The company has a market cap of C$3.70 billion, a P/E ratio of 349.26 and a beta of 1.57.
Insider Buying and Selling
In other news, Senior Officer Etienne Morin sold 77,470 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of C$13.00, for a total value of C$1,007,110.00. Also, Director Jean Robitaille sold 200,000 shares of the company's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of C$13.25, for a total transaction of C$2,650,000.00. In the last three months, insiders have sold 385,399 shares of company stock valued at $5,067,805. 51.68% of the stock is owned by company insiders.
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.
Further Reading
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