Orla Mining (TSE:OLA) Rating Increased to Hold at TD Securities

TD Securities upgraded shares of Orla Mining (TSE:OLA) to a hold rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

Several other equities analysts have also issued reports on OLA. CIBC lifted their price target on Orla Mining from C$8.50 to C$9.25 in a research note on Tuesday, December 17th. Desjardins upgraded shares of Orla Mining to a “moderate buy” rating in a research report on Thursday, October 31st. Scotiabank upped their price target on shares of Orla Mining from C$7.75 to C$8.75 in a report on Wednesday, January 15th. Finally, Stifel Nicolaus raised their price objective on Orla Mining from C$8.00 to C$9.75 in a report on Monday, December 2nd.

Orla Mining Stock Performance

Shares of TSE:OLA opened at C$9.94 on Tuesday. The company’s 50 day moving average price is C$8.03 and its two-hundred day moving average price is C$6.59. Orla Mining has a 12-month low of C$4.30 and a 12-month high of C$9.95. The firm has a market cap of C$3.18 billion, a PE ratio of -198.80 and a beta of 1.57. The company has a quick ratio of 1.22, a current ratio of 5.89 and a debt-to-equity ratio of 17.76.

Orla Mining (TSE:OLA) last announced its earnings results on Tuesday, November 12th. The company reported C$0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.05). Orla Mining had a negative return on equity of 2.50% and a negative net margin of 4.12%. During the same quarter last year, the business posted $0.03 EPS. Equities research analysts predict that Orla Mining will post 0.3352878 earnings per share for the current year.

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.