Orla Mining (TSE:OLA) Hits New 12-Month High After Analyst Upgrade

Shares of Orla Mining Ltd. (TSE:OLA - Get Free Report) hit a new 52-week high on Tuesday after Stifel Nicolaus raised their price target on the stock from C$6.50 to C$8.00. The company traded as high as C$7.05 and last traded at C$6.99, with a volume of 449829 shares trading hands. The stock had previously closed at C$6.89.

Several other equities analysts have also recently commented on the company. CIBC upped their price target on Orla Mining from C$7.25 to C$7.50 in a report on Wednesday, July 10th. Scotiabank lifted their price target on 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 assigned a buy rating to the company's stock. According to MarketBeat.com, Orla Mining has a consensus rating of "Moderate Buy" and an average target price of C$6.56.

Insider Activity

In other news, Senior Officer Andrew James Bradbury sold 12,500 shares of the firm's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$5.90, for a total transaction of C$73,750.00. In other news, Senior Officer Andrew James Bradbury sold 12,500 shares of the business's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$5.90, for a total value of C$73,750.00. Also, Director Jean Robitaille sold 46,600 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$5.74, for a total transaction of C$267,549.24. Insiders sold a total of 101,000 shares of company stock valued at $577,457 in the last ninety days. 51.68% of the stock is owned by insiders.

Orla Mining Stock Performance

The stock has a market capitalization of C$2.27 billion, a P/E ratio of -141.80 and a beta of 1.57. The company's fifty day simple moving average is C$5.78 and its two-hundred day simple moving average is C$5.52. 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 released its quarterly earnings results on Monday, August 12th. The company reported C$0.09 EPS for the quarter, missing analysts' consensus estimates of C$0.10 by C($0.01). Orla Mining had a negative return on equity of 2.50% and a negative net margin of 4.12%. The business had revenue of C$115.71 million for the quarter. As a group, equities analysts forecast that Orla Mining Ltd. will post 0.3352878 EPS for the current year.

Orla Mining Company Profile

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.