Orla Mining (TSE:OLA) Reaches New 1-Year High Following Analyst Upgrade

Orla Mining Ltd. (TSE:OLA)’s stock price hit a new 52-week high on Monday after BMO Capital Markets raised their price target on the stock from C$22.00 to C$30.00. The company traded as high as C$27.01 and last traded at C$26.86, with a volume of 246010 shares changing hands. The stock had previously closed at C$25.26.

Several other equities analysts have also commented on OLA. Royal Bank Of Canada upped their target price on Orla Mining from C$26.00 to C$32.00 in a report on Wednesday, December 10th. Natl Bk Canada raised Orla Mining to a “strong-buy” rating in a report on Monday, January 12th. Desjardins upped their price objective on Orla Mining from C$28.00 to C$29.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Scotiabank increased their target price on Orla Mining from C$21.00 to C$26.50 in a research report on Monday. Finally, CIBC raised their target price on Orla Mining from C$25.00 to C$27.00 in a research note on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$25.44.

Insider Buying and Selling

In other Orla Mining news, insider Paul Schmidt sold 2,552 shares of the business’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of C$17.44, for a total transaction of C$44,506.88. Following the completion of the transaction, the insider owned 8,082 shares in the company, valued at approximately C$140,950.08. The trade was a 24.00% decrease in their position. Also, insider John Andrew Cormier sold 30,000 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of C$17.61, for a total value of C$528,300.00. Insiders sold 77,828 shares of company stock valued at $1,376,992 in the last three months. 51.68% of the stock is currently owned by corporate insiders.

Orla Mining Trading Down 0.5%

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 firm has a 50-day moving average price of C$19.61 and a 200-day moving average price of C$16.69. The company has a market capitalization of C$8.71 billion, a price-to-earnings ratio of 160.13 and a beta of 0.29.

Orla Mining (TSE:OLA) last announced its quarterly earnings data on Tuesday, November 11th. The company reported C$0.22 earnings per share for the quarter. The business had revenue of C$382.88 million during the quarter. Orla Mining had a return on equity of 2.24% and a net margin of 3.15%. As a group, sell-side analysts predict that Orla Mining Ltd. will post 0.3352878 EPS for the current year.

About Orla Mining

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.