Orla Mining (TSE:OLA) Hits New 52-Week High – Still a Buy?

Orla Mining Ltd. (TSE:OLA)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as C$10.92 and last traded at C$10.19, with a volume of 838356 shares trading hands. The stock had previously closed at C$10.33.

Analysts Set New Price Targets

Several brokerages have issued reports on OLA. CIBC increased their price objective on shares of Orla Mining from C$8.50 to C$9.25 in a research report on Tuesday, December 17th. TD Securities raised shares of Orla Mining to a “hold” rating in a report on Tuesday, February 4th. Desjardins raised shares of Orla Mining to a “moderate buy” rating in a research note on Thursday, October 31st. Scotiabank lifted their target price on Orla Mining from C$7.75 to C$8.75 in a report on Wednesday, January 15th. Finally, Stifel Nicolaus raised their price objective on Orla Mining from C$8.00 to C$9.75 in a research note on Monday, December 2nd.

Orla Mining Stock Performance

The stock has a 50 day moving average price of C$8.36 and a two-hundred day moving average price of C$6.76. The company has a debt-to-equity ratio of 17.76, a current ratio of 5.89 and a quick ratio of 1.22. The company has a market capitalization of C$3.12 billion, a price-to-earnings ratio of -195.40 and a beta of 1.57.

Orla Mining (TSE:OLA) last posted its quarterly earnings data on Tuesday, November 12th. The company reported C$0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.13 by C($0.05). Orla Mining had a negative return on equity of 2.50% and a negative net margin of 4.12%. During the same period last year, the company posted $0.03 EPS. On average, analysts predict that Orla Mining Ltd. will post 0.3352878 EPS for the current fiscal 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.