Orla Mining (TSE:OLA) Reaches New 1-Year High Following Analyst Upgrade

Orla Mining Ltd. (TSE:OLA - Get Free Report)'s stock price reached a new 52-week high on Thursday after Royal Bank of Canada raised their price target on the stock from C$15.00 to C$18.00. The stock traded as high as C$16.88 and last traded at C$16.83, with a volume of 394498 shares trading hands. The stock had previously closed at C$15.73.

Other equities analysts have also issued research reports about the stock. CIBC lifted their target price on shares of Orla Mining from C$16.25 to C$18.50 in a report on Thursday, April 17th. TD Securities raised shares of Orla Mining to a "hold" rating in a research note on Tuesday, February 4th. Desjardins lifted their price target on shares of Orla Mining from C$12.00 to C$13.00 and gave the stock a "buy" rating in a research note on Wednesday, March 19th. Stifel Canada raised shares of Orla Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, Stifel Nicolaus lifted their price target on shares of Orla Mining from C$15.50 to C$19.00 in a research note on Monday, April 21st. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of C$14.82.

Insider Buying and Selling

In other news, Director Charles A. Jeannes sold 15,023 shares of the business's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of C$12.86, for a total value of C$193,257.37. Also, Senior Officer Paul Schmidt sold 50,000 shares of the business's stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of C$13.19, for a total transaction of C$659,660.00. Insiders have sold 385,399 shares of company stock valued at $5,067,805 in the last quarter. Company insiders own 51.68% of the company's stock.

Orla Mining Price Performance

The company's 50-day moving average price is C$14.29 and its two-hundred day moving average price is C$11.07. The company has a market cap of C$3.44 billion, a P/E ratio of 324.46 and a beta of 1.57. The company has a current ratio of 4.54, a quick ratio of 1.22 and a debt-to-equity ratio of 12.68.

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.