Orla Mining (TSE:OLA) Reaches New 52-Week High – Time to Buy?

Orla Mining Ltd. (TSE:OLA)’s share price reached a new 52-week high on Tuesday . The company traded as high as C$11.11 and last traded at C$11.11, with a volume of 79909 shares trading hands. The stock had previously closed at C$10.43.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Desjardins raised their price target on Orla Mining from C$10.00 to C$12.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Stifel Nicolaus raised their price target on Orla Mining from C$8.00 to C$9.75 in a research note on Monday, December 2nd. TD Securities raised Orla Mining to a “hold” rating in a report on Tuesday, February 4th. CIBC raised their price objective on Orla Mining from C$11.00 to C$11.50 in a report on Wednesday, February 26th. Finally, BMO Capital Markets raised their price objective on Orla Mining from C$8.00 to C$12.50 in a report on Tuesday, March 4th.

Orla Mining Stock 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 has a fifty day moving average of C$9.40 and a 200-day moving average of C$7.50. The stock has a market cap of C$2.55 billion, a PE ratio of 240.46 and a beta of 1.57.

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.