Orla Mining (TSE:OLA) Reaches New 1-Year High – Time to Buy?

Orla Mining Ltd. (TSE:OLA)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as C$20.68 and last traded at C$20.41, with a volume of 111146 shares changing hands. The stock had previously closed at C$19.79.

Analyst Ratings Changes

Several brokerages recently issued reports on OLA. Royal Bank Of Canada lifted their target price on Orla Mining from C$26.00 to C$32.00 in a research note on Wednesday, December 10th. CIBC increased their price objective on shares of Orla Mining from C$25.00 to C$27.00 in a report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$17.96.

Orla Mining Stock 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 stock has a market capitalization of C$7.02 billion, a PE ratio of 129.00 and a beta of 0.29. The business’s 50 day moving average is C$17.88 and its 200 day moving average is C$15.98.

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

Insider Activity

In other news, insider Paul Mann sold 15,864 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of C$18.40, for a total value of C$291,897.60. Following the transaction, the insider directly owned 205,647 shares in the company, valued at approximately C$3,783,904.80. This represents a 7.16% decrease in their ownership of the stock. Also, insider John Andrew Cormier sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of C$17.61, for a total transaction of C$528,300.00. Over the last ninety days, insiders sold 77,828 shares of company stock valued at $1,376,992. 51.68% of the stock is currently owned by company insiders.

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.