Orla Mining (TSE:OLA) Sets New 1-Year High - Time to Buy?

Orla Mining Ltd. (TSE:OLA - Get Free Report)'s stock price hit a new 52-week high on Monday . The stock traded as high as C$17.00 and last traded at C$16.73, with a volume of 247356 shares. The stock had previously closed at C$15.75.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on OLA shares. Stifel Nicolaus increased their price objective on shares of Orla Mining from C$15.50 to C$19.00 in a research note on Monday, April 21st. Royal Bank Of Canada raised their target price on shares of Orla Mining from C$15.00 to C$18.00 in a research note on Wednesday, June 4th. Finally, CIBC lifted their price target on shares of Orla Mining from C$16.25 to C$18.50 in a report on Thursday, April 17th. One investment 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of C$14.82.

Orla Mining Stock Down 14.4%

The firm has a market capitalization of C$3.11 billion, a P/E ratio of 293.26 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 business's fifty day moving average price is C$14.69 and its two-hundred day moving average price is C$12.72.

Insider Activity at Orla Mining

In related news, Director Timothy Quentin Haldane sold 17,962 shares of Orla Mining stock in a transaction dated Monday, June 9th. The stock was sold at an average price of C$15.06, for a total transaction of C$270,527.48. Also, Senior Officer Sylvain Guerard sold 15,000 shares of Orla Mining stock in a transaction dated Monday, June 16th. The stock was sold at an average price of C$15.98, for a total value of C$239,668.50. In the last three months, insiders have sold 50,462 shares of company stock worth $781,286. 51.68% of the stock is owned by insiders.

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.