Shares of Orla Mining Ltd. (TSE:OLA - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$6.50 and last traded at C$6.49, with a volume of 15730 shares traded. The stock had previously closed at C$6.46.
Analyst Ratings Changes
A number of research firms have recently commented on OLA. CIBC boosted their price objective on Orla Mining from C$7.25 to C$7.50 in a research report on Wednesday, July 10th. Scotiabank boosted their price target on shares of Orla Mining from C$5.25 to C$6.00 in a report on Thursday, October 10th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Orla Mining presently has an average rating of "Moderate Buy" and an average target price of C$6.34.
Read Our Latest Research Report on OLA
Orla Mining Stock Down 2.6 %
The stock has a market capitalization of C$2.01 billion, a price-to-earnings ratio of -125.80 and a beta of 1.57. The business has a 50-day moving average of C$5.63 and a 200-day moving average of C$5.48. 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 (TSE:OLA - Get Free Report) last posted its earnings results on Monday, August 12th. The company reported C$0.09 earnings per share for the quarter, missing the consensus estimate of C$0.10 by C($0.01). Orla Mining had a negative net margin of 4.12% and a negative return on equity of 2.50%. The company had revenue of C$115.71 million during the quarter. On average, sell-side analysts expect that Orla Mining Ltd. will post 0.3352878 EPS for the current year.
Insider Buying and Selling
In other news, Director Elizabeth Dianne Mcgregor sold 20,000 shares of the company's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of C$5.40, for a total transaction of C$107,960.00. In other Orla Mining news, Director Jean Robitaille sold 46,600 shares of the business's stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$5.74, for a total transaction of C$267,549.24. Also, Director Elizabeth Dianne Mcgregor sold 20,000 shares of the firm's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of C$5.40, for a total transaction of C$107,960.00. Insiders have sold a total of 101,000 shares of company stock valued at $577,457 in the last ninety days. Company insiders own 51.68% of the company's stock.
About Orla Mining
(
Get Free Report)
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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