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

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Stifel Nicolaus decreased their target price on Orla Mining from C$19.00 to C$18.50 and set a “buy” rating for the company in a research note on Wednesday, August 6th. CIBC raised 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 increased their price target on Orla Mining from C$23.00 to C$26.00 in a research note on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$17.11.

Orla Mining Stock Up 2.8%

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 firm has a 50-day moving average of C$15.77 and a two-hundred day moving average of C$14.98. The firm has a market cap of C$6.67 billion, a price-to-earnings ratio of 122.63 and a beta of 0.12.

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.