Orla Mining (TSE:OLA) Sets New 52-Week High – Should You Buy?

Orla Mining Ltd. (TSE:OLA) reached a new 52-week high during trading on Thursday . The company traded as high as C$8.18 and last traded at C$8.14, with a volume of 589558 shares. The stock had previously closed at C$7.96.

Analyst Ratings Changes

OLA has been the subject of several recent analyst reports. Scotiabank upgraded Orla Mining from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$6.00 to C$7.75 in a research note on Wednesday, November 27th. Desjardins raised shares of Orla Mining to a “moderate buy” rating in a research note on Thursday, October 31st. CIBC boosted their price target on shares of Orla Mining from C$8.50 to C$9.25 in a research note on Tuesday, December 17th. Finally, Stifel Nicolaus raised their price objective on Orla Mining from C$8.00 to C$9.75 in a research report on Monday, December 2nd.

Orla Mining Trading Up 1.4 %

The company has a market cap of C$2.76 billion, a PE ratio of -172.60 and a beta of 1.57. The stock’s 50 day moving average is C$7.05 and its 200-day moving average is C$6.07. The company has a quick ratio of 1.22, a current ratio of 5.89 and a debt-to-equity ratio of 17.76.

About Orla Mining

Orla Mining Ltd. acquires, explores, develops, and exploits mineral properties. The company explores for gold, silver, zinc, lead, and copper deposits. It owns 100% interests in the Camino Rojo project that consists of seven concessions covering an area of 138,636 hectares located in Zacatecas, Mexico; Cerro Quema project totaling an area of 15,000 hectares located in the Azuero Peninsula, Panama; and the South Railroad project consisting of an area of 21,000 hectares located in Elko, Nevada.