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

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on OLA shares. Scotiabank boosted their price objective on Orla Mining from C$7.75 to C$8.75 in a report on Wednesday, January 15th. TD Securities upgraded Orla Mining to a “hold” rating in a report on Tuesday, February 4th. CIBC lifted their price target on Orla Mining from C$11.00 to C$11.50 in a report on Wednesday, February 26th. BMO Capital Markets upped their price objective on Orla Mining from C$8.00 to C$12.50 in a research note on Tuesday, March 4th. Finally, Desjardins lifted their target price 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.

Orla Mining Stock Performance

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 has a market capitalization of C$2.99 billion, a price-to-earnings ratio of 282.14 and a beta of 1.57. The stock’s 50-day moving average price is C$9.55 and its 200-day moving average price is C$7.59.

About Orla Mining

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.