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

Orla Mining Ltd. (TSE:OLA)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as C$29.99 and last traded at C$29.16, with a volume of 148431 shares changing hands. The stock had previously closed at C$29.50.

Analyst Upgrades and Downgrades

OLA has been the subject of several analyst reports. Canadian Imperial Bank of Commerce lifted their price target on shares of Orla Mining from C$27.00 to C$32.00 in a report on Wednesday, February 4th. Scotiabank lifted their target price on shares of Orla Mining from C$21.00 to C$26.50 in a research note on Monday, January 26th. Desjardins boosted their target price on Orla Mining from C$28.00 to C$29.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Royal Bank Of Canada increased their price target on Orla Mining from C$26.00 to C$32.00 in a research report on Wednesday, December 10th. Finally, TD Securities cut their price objective on Orla Mining from C$28.00 to C$25.00 in a research report on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$28.55.

Orla Mining Price Performance

The company has a quick ratio of 1.22, a current ratio of 4.54 and a debt-to-equity ratio of 12.68. The stock’s 50-day moving average price is C$22.21 and its 200-day moving average price is C$18.22. The company has a market capitalization of C$10.05 billion, a price-to-earnings ratio of 184.75 and a beta of 0.38.

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

Insider Buying and Selling at Orla Mining

In other news, insider Paul Mann sold 15,864 shares of the business’s 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 ownership of the stock. 51.68% of the stock is currently owned by insiders.

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.