Orla Mining (TSE:OLA) Hits New 52-Week High – Still a Buy?

Shares of Orla Mining Ltd. (TSE:OLA) reached a new 52-week high during trading on Monday . The stock traded as high as C$13.30 and last traded at C$13.21, with a volume of 175461 shares trading hands. The stock had previously closed at C$12.51.

Wall Street Analyst Weigh In

OLA has been the subject of several recent research reports. BMO Capital Markets increased their target price on shares of Orla Mining from C$8.00 to C$12.50 in a research note on Tuesday, March 4th. TD Securities upgraded shares of Orla Mining to a “hold” rating in a research report on Tuesday, February 4th. Scotiabank upped their price target on shares of Orla Mining from C$7.75 to C$8.75 in a research report on Wednesday, January 15th. CIBC upped their price target on shares of Orla Mining from C$11.00 to C$11.50 in a research report on Wednesday, February 26th. Finally, Desjardins upped their price target on shares of Orla Mining from C$10.00 to C$12.00 and gave the company a “buy” rating in a research report on Thursday, February 13th.

Orla Mining Trading Down 1.1 %

The stock has a market cap of C$2.95 billion, a price-to-earnings ratio of 278.72 and a beta of 1.57. The company has a debt-to-equity ratio of 12.68, a quick ratio of 1.22 and a current ratio of 4.54. The company’s 50 day simple moving average is C$9.75 and its two-hundred day simple moving average is C$7.69.

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.