Orla Mining (TSE:OLA) Hits New 12-Month High – What’s Next?

Orla Mining Ltd. (TSE:OLA)’s stock price reached a new 52-week high on Friday . The company traded as high as C$19.64 and last traded at C$19.64, with a volume of 304961 shares traded. The stock had previously closed at C$19.08.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus lowered their price target on Orla Mining from C$19.00 to C$18.50 and set a “buy” rating on the stock in a report on Wednesday, August 6th. CIBC boosted their target price on Orla Mining from C$25.00 to C$27.00 in a research report on Monday, October 20th. Finally, Royal Bank Of Canada raised their price target on Orla Mining from C$23.00 to C$26.00 in a research report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Orla Mining presently has a consensus rating of “Buy” and an average target price of C$17.11.

Orla Mining Price Performance

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 company has a market capitalization of C$6.64 billion, a PE ratio of 122.19 and a beta of 0.12. The company’s 50 day moving average price is C$15.87 and its 200-day moving average price is C$15.04.

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.