CIBC Issues Positive Forecast for Orla Mining (TSE:OLA) Stock Price

Orla Mining (TSE:OLA) had its target price hoisted by equities research analysts at CIBC from C$11.00 to C$11.50 in a note issued to investors on Wednesday,BayStreet.CA reports. CIBC’s price objective would suggest a potential upside of 11.11% from the company’s previous close.

A number of other brokerages have also recently weighed in on OLA. Stifel Nicolaus boosted their price target on shares of Orla Mining from C$8.00 to C$9.75 in a research report on Monday, December 2nd. Desjardins lifted their price objective on shares of Orla Mining from C$10.00 to C$12.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Scotiabank lifted their price objective on shares of Orla Mining from C$7.75 to C$8.75 in a research note on Wednesday, January 15th. Finally, TD Securities upgraded shares of Orla Mining to a “hold” rating in a research note on Tuesday, February 4th.

Orla Mining Trading Up 3.4 %

Orla Mining stock traded up C$0.34 during trading on Wednesday, hitting C$10.35. The company had a trading volume of 337,394 shares, compared to its average volume of 481,603. The company has a current ratio of 4.54, a quick ratio of 1.22 and a debt-to-equity ratio of 12.68. Orla Mining has a 1-year low of C$4.30 and a 1-year high of C$10.92. The stock has a market cap of C$2.35 billion, a price-to-earnings ratio of 221.22 and a beta of 1.57. The company’s 50 day simple moving average is C$8.83 and its 200-day simple moving average is C$7.11.

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.