Orla Mining (TSE:OLA) Upgraded by TD Securities to Hold Rating

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

OLA has been the topic of several other reports. Desjardins raised shares of Orla Mining to a “moderate buy” rating in a research report on Thursday, October 31st. Scotiabank boosted their price target on shares of Orla Mining from C$7.75 to C$8.75 in a research report on Wednesday, January 15th. CIBC upped their target price on shares of Orla Mining from C$8.50 to C$9.25 in a report on Tuesday, December 17th. Finally, Stifel Nicolaus upped their target price on shares of Orla Mining from C$8.00 to C$9.75 in a report on Monday, December 2nd.

Orla Mining Price Performance

Shares of OLA stock opened at C$9.94 on Tuesday. 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 capitalization of C$3.18 billion, a price-to-earnings 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. The firm has a fifty day moving average of C$8.03 and a 200-day moving average of C$6.59.

Orla Mining (TSE:OLA) last announced its quarterly earnings results on Tuesday, November 12th. The company reported C$0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.13 by C($0.05). Orla Mining had a negative net margin of 4.12% and a negative return on equity of 2.50%. During the same quarter last year, the business posted $0.03 earnings per share. On average, equities research analysts forecast 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.