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

Shares of Orla Mining Ltd. (TSE:OLA) reached 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 stock traded as high as C$27.01 and last traded at C$26.86, with a volume of 246010 shares traded. The stock had previously closed at C$25.26.

Other equities analysts have also issued reports about the stock. Scotiabank raised their price target on shares of Orla Mining from C$21.00 to C$26.50 in a research report on Monday. CIBC increased their target price on shares of Orla Mining from C$25.00 to C$27.00 in a research report on Monday, October 20th. Royal Bank Of Canada raised their target price on shares of Orla Mining from C$26.00 to C$32.00 in a report on Wednesday, December 10th. TD Securities cut their price target on Orla Mining from C$28.00 to C$25.00 in a research note on Thursday, January 22nd. Finally, Natl Bk Canada raised Orla Mining to a “strong-buy” rating in a research report on Monday, January 12th. 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 an average target price of C$25.44.

Insider Transactions at Orla Mining

In other Orla Mining news, insider Paul Mann sold 15,864 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of C$18.40, for a total transaction of C$291,897.60. Following the completion of the transaction, the insider directly owned 205,647 shares in the company, valued at C$3,783,904.80. The trade was a 7.16% decrease in their ownership of the stock. Also, insider Paul Schmidt sold 2,552 shares of the firm’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of C$17.44, for a total value of C$44,506.88. Following the completion of the sale, the insider directly owned 8,082 shares in the company, valued at approximately C$140,950.08. This represents a 24.00% decrease in their position. In the last 90 days, insiders sold 77,828 shares of company stock valued at $1,376,992. Company insiders own 51.68% of the company’s stock.

Orla Mining Trading Up 2.0%

The firm has a 50-day moving average of C$19.45 and a two-hundred day moving average of C$16.62. The firm has a market capitalization of C$8.76 billion, a P/E ratio of 161.00 and a beta of 0.29. The company has a current ratio of 4.54, a quick ratio of 1.22 and a debt-to-equity ratio of 12.68.

Orla Mining (TSE:OLA) last released its earnings results on Tuesday, November 11th. The company reported C$0.22 earnings per share (EPS) for the quarter. The firm had revenue of C$382.88 million for the quarter. Orla Mining had a return on equity of 2.24% and a net margin of 3.15%. On average, analysts anticipate that Orla Mining Ltd. will post 0.3352878 EPS for the current year.

Orla Mining Company Profile

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.