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Orla Mining (TSE:OLA) Rating Increased to Hold at TD Securities

Orla Mining logo with Basic Materials background

Orla Mining (TSE:OLA - Get Free Report) was upgraded by TD Securities to a "hold" rating in a research note issued on Tuesday,Zacks.com reports.

Other analysts also recently issued reports about the company. Scotiabank boosted their target price on Orla Mining from C$7.75 to C$8.75 in a research report on Wednesday, January 15th. Stifel Nicolaus boosted their price objective on shares of Orla Mining from C$8.00 to C$9.75 in a research report on Monday, December 2nd. Desjardins upgraded shares of Orla Mining to a "moderate buy" rating in a report on Thursday, October 31st. Finally, CIBC upped their price target on shares of Orla Mining from C$8.50 to C$9.25 in a report on Tuesday, December 17th.

Read Our Latest Report on OLA

Orla Mining Price Performance

Shares of TSE:OLA traded up C$0.15 on Tuesday, reaching C$10.33. 390,352 shares of the company were exchanged, compared to its average volume of 475,394. The company has a current ratio of 5.89, a quick ratio of 1.22 and a debt-to-equity ratio of 17.76. Orla Mining has a 1-year low of C$4.30 and a 1-year high of C$10.36. The company has a 50-day moving average of C$8.24 and a 200-day moving average of C$6.68. The firm has a market cap of C$3.30 billion, a price-to-earnings ratio of -206.60 and a beta of 1.57.

Orla Mining (TSE:OLA - Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported C$0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 quarter in the previous year, the firm earned $0.03 earnings per share. Equities analysts forecast that Orla Mining will post 0.3352878 earnings per share for the current fiscal year.

About Orla Mining

(Get Free Report)

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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