Orla Mining (TSE:OLA) Sets New 12-Month High – Here’s What Happened

Orla Mining Ltd. (TSE:OLA) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$22.75 and last traded at C$22.50, with a volume of 239803 shares changing hands. The stock had previously closed at C$21.09.

Analysts Set New Price Targets

A number of brokerages recently weighed in on OLA. CIBC upped their price objective on Orla Mining from C$25.00 to C$27.00 in a research note on Monday, October 20th. Natl Bk Canada upgraded shares of Orla Mining to a “strong-buy” rating in a report on Monday, January 12th. Royal Bank Of Canada raised their price target on shares of Orla Mining from C$26.00 to C$32.00 in a report on Wednesday, December 10th. Finally, National Bankshares set a C$27.00 price objective on shares of Orla Mining and gave the stock an “outperform” rating in a research note on Tuesday, January 13th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Orla Mining presently has an average rating of “Buy” and a consensus price target of C$20.57.

Orla Mining Trading Up 11.1%

The company has a 50 day simple moving average of C$18.68 and a two-hundred day simple moving average of C$16.27. The company has a debt-to-equity ratio of 12.68, a quick ratio of 1.22 and a current ratio of 4.54. The firm has a market cap of C$7.97 billion, a PE ratio of 146.50 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 (EPS) for the quarter. The firm 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%. Analysts expect that Orla Mining Ltd. will post 0.3352878 EPS for the current fiscal year.

Insider Buying and Selling at Orla Mining

In other news, insider John Andrew Cormier sold 30,000 shares of the company’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of C$17.61, for a total value of C$528,300.00. Also, insider Paul Mann sold 15,864 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of C$18.40, for a total transaction of C$291,897.60. Following the completion of the sale, the insider owned 205,647 shares in the company, valued at C$3,783,904.80. The trade was a 7.16% decrease in their position. In the last ninety days, insiders sold 77,828 shares of company stock worth $1,376,992. Company insiders own 51.68% of the company’s stock.

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.