Orla Mining (TSE:OLA) Trading 8.4% Higher

Orla Mining Ltd. (TSE:OLA – Get Rating)’s stock price traded up 8.4% on Thursday . The stock traded as high as C$4.14 and last traded at C$4.11. 141,606 shares were traded during mid-day trading, a decline of 64% from the average session volume of 397,920 shares. The stock had previously closed at C$3.79.

Wall Street Analysts Forecast Growth

Separately, Cormark increased their price target on shares of Orla Mining to C$7.50 and gave the stock a “buy” rating in a report on Tuesday, June 14th.

Orla Mining Stock Down 0.5 %

The stock has a market cap of C$1.05 billion and a PE ratio of 416.00. The company has a current ratio of 1.52, a quick ratio of 1.22 and a debt-to-equity ratio of 61.73. The business has a 50-day moving average price of C$4.03 and a 200-day moving average price of C$4.92.

Orla Mining (TSE:OLA – Get Rating) last announced its earnings results on Thursday, May 12th. The company reported C$0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.05 by C$0.05. The business had revenue of C$49.92 million for the quarter. As a group, analysts forecast that Orla Mining Ltd. will post 0.3618848 earnings per share for the current year.

Orla Mining Company Profile

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Orla Mining Ltd. acquires, explores for, and develops mineral properties. The company explores for gold, silver, zinc, lead, and copper deposits. It owns 100% interests in the Camino Rojo project that consists of seven concessions covering an area of 163,129 hectares located in Zacatecas, Mexico; and Cerro Quema project totaling an area of 14,800 hectares located in the Azuero Peninsula, Panama.