Orla Mining (TSE:OLA) Releases Earnings Results

Orla Mining (TSE:OLA) announced its quarterly earnings data on Thursday. The company reported C$0.58 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$506.00 million for the quarter. Orla Mining had a return on equity of 10.55% and a net margin of 6.91%.

Orla Mining Stock Down 6.4%

OLA traded down C$1.27 during trading on Thursday, reaching C$18.46. The company had a trading volume of 1,329,014 shares, compared to its average volume of 988,172. The company has a market cap of C$6.27 billion, a P/E ratio of 115.38 and a beta of 0.99. The company has a debt-to-equity ratio of 66.36, a current ratio of 1.07 and a quick ratio of 1.22. Orla Mining has a 12 month low of C$10.43 and a 12 month high of C$29.99. The business’s fifty day moving average price is C$23.54 and its 200 day moving average price is C$19.11.

Analyst Ratings Changes

A number of brokerages have commented on OLA. Scotiabank lifted their price objective on Orla Mining from C$21.00 to C$26.50 in a report on Monday, January 26th. Stifel Nicolaus raised their price target on Orla Mining from C$28.00 to C$35.00 in a report on Tuesday, February 10th. TD Securities cut their price target on Orla Mining from C$28.00 to C$25.00 in a report on Thursday, January 22nd. National Bank Financial boosted their target price on shares of Orla Mining from C$27.00 to C$29.00 and gave the stock an “outperform” rating in a research note on Thursday, January 22nd. Finally, Canadian Imperial Bank of Commerce increased their price target on shares of Orla Mining from C$27.00 to C$32.00 in a research note on Wednesday, February 4th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Orla Mining currently has a consensus rating of “Buy” and a consensus price target of C$28.55.

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.