TD Securities Upgrades Orla Mining (TSE:OLA) to “Strong-Buy”

Orla Mining (TSE:OLA) was upgraded by stock analysts at TD Securities from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other equities research analysts also recently issued reports on the company. National Bank Financial upped their price objective on Orla Mining from C$27.00 to C$29.00 and gave the company an “outperform” rating in a research report on Thursday, January 22nd. Stifel Nicolaus upped their price objective on Orla Mining from C$28.00 to C$35.00 in a research report on Tuesday, February 10th. Desjardins set a C$35.00 price objective on Orla Mining and gave the company a “buy” rating in a research report on Thursday, April 23rd. BMO Capital Markets upped their price objective on Orla Mining from C$22.00 to C$30.00 in a research report on Monday, January 26th. Finally, ATB Cormark Capital Markets upgraded Orla Mining from a “hold” rating to a “moderate buy” rating and upped their price objective for the company from C$25.00 to C$35.00 in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, Orla Mining has an average rating of “Buy” and a consensus price target of C$31.06.

Orla Mining Trading Up 1.4%

Shares of OLA stock opened at C$16.91 on Wednesday. Orla Mining has a 1 year low of C$12.67 and a 1 year high of C$29.99. The company has a debt-to-equity ratio of 42.47, a current ratio of 1.06 and a quick ratio of 1.22. The stock’s 50 day simple moving average is C$21.04 and its two-hundred day simple moving average is C$20.70. The company has a market cap of C$5.85 billion, a PE ratio of 23.49 and a beta of 1.36.

Orla Mining (TSE:OLA) last issued its quarterly earnings data on Monday, May 11th. The company reported C$0.54 earnings per share (EPS) for the quarter. Orla Mining had a return on equity of 41.46% and a net margin of 19.60%.The business had revenue of C$526.76 million for the quarter. Research analysts predict that Orla Mining will post 0.3352878 earnings per share for the current year.

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.