Summary
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Orla Mining (ORLA) shows strong technical buy signals, with a 101.60% gain in the last year and a Trend Seeker buy signal since 2/26.
The Barchart Brief: Your FREE insider update on the biggest news stories and investing trends, delivered midday The company owns significant mining projects in Mexico, Panama, Nevada, and Canada, exploring for gold, silver, zinc, lead, and copper.
Fundamental factors include a market cap of $2.43 billion, P/E of 31.70, and expected revenue growth of 43.53% this year and 168.29% next year.
Analysts' sentiment is positive with 3 strong buys, 2 buys, and 2 holds, but MorningStar rates the stock 31% overvalued.
The Chart of the Day belongs to the gold and copper mining company Orla Mining (ORLA) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 2/26 the stock gained 3.15.%.
ORLA Price vs Daily Moving Averages
ORLA (Barchart)
Orla Mining Ltd. acquires, explores, develops, and exploits 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 138,636 hectares located in Zacatecas, Mexico; Cerro Quema project totaling an area of 15,000 hectares located in the Azuero Peninsula, Panama; and the South Railroad project consisting of an area of 21,000 hectares located in Elko, Nevada. It also holds interest in acquisition of the Musselwhite Gold Mine project located in Ontario, Canada. The company was formerly known as Red Mile Minerals Corp. and changed its name to Orla Mining Ltd. in June 2015. Orla Mining Ltd. was incorporated in 2007 and is headquartered in Vancouver, Canada
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
- 100% technical buy signals
- 125.61+ Weighted Alpha
- 101.60% gain in the last year
- .67 - 60 month Beta
- Trend Seeker buy signal
- Above its 20, 50 and 100 day moving averages
- 1 new highs and up 4.43% in the last month
- Relative Strength Index 64.40%
- Technical support level at $7.31
- Recently traded at $7.54 with 50 day moving average of $6.38
Fundamental Factors:
- Market Cap $2.43 billion
- P/E 31.70
- Revenue expected to grow 43.53% this year and another 168.29% next year
- Earnings estimated to increase 10.54% this year and increase again an additional 14.21% next year
Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
- Wall Street analysts issued 3 strong buy, 2 buy and 2 hold opinions on the stock
- CFRAs MarketScope rates the stock a strong buy
- MorningStar thinks the stock is 31% over valued
- 5,890 investors monitor the stock on Seeking Alpha
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
