Orla Mining (TSE:OLA) Shares Down 9.9% – What’s Next?

by · The Cerbat Gem

Orla Mining Ltd. (TSE:OLA – Get Free Report) shares fell 9.9% during mid-day trading on Friday . The company traded as low as C$17.31 and last traded at C$17.33. 2,573,435 shares were traded during mid-day trading, an increase of 187% from the average session volume of 896,478 shares. The stock had previously closed at C$19.23.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Royal Bank Of Canada increased their price objective on shares of Orla Mining from C$23.00 to C$26.00 in a research report on Monday, October 20th. CIBC boosted their price objective on Orla Mining from C$25.00 to C$27.00 in a report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Orla Mining currently has a consensus rating of “Buy” and a consensus price target of C$17.11.

Get Our Latest Research Report on Orla Mining

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 firm has a 50 day moving average of C$16.22 and a 200-day moving average of C$15.21. The company has a market cap of C$5.96 billion, a P/E ratio of 109.56 and a beta of 0.14.

Orla Mining (TSE:OLA – Get Free Report) last issued its earnings results on Tuesday, November 11th. The company reported C$0.22 earnings per share for the quarter. The business had revenue of C$382.88 million during the quarter. Orla Mining had a return on equity of 2.24% and a net margin of 3.15%. As a group, sell-side analysts anticipate that Orla Mining Ltd. will post 0.3352878 EPS for the current fiscal year.

Orla Mining Company Profile

(Get Free Report)

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.

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