Desjardins Forecasts Strong Price Appreciation for Orla Mining (TSE:OLA) Stock

Orla Mining (TSE:OLA) had its price objective raised by Desjardins from C$12.00 to C$13.00 in a report issued on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price target suggests a potential upside of 1.25% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the company. BMO Capital Markets raised their target price on Orla Mining from C$8.00 to C$12.50 in a research note on Tuesday, March 4th. TD Securities upgraded shares of Orla Mining to a “hold” rating in a research report on Tuesday, February 4th. CIBC lifted their price target on Orla Mining from C$11.00 to C$11.50 in a research note on Wednesday, February 26th. Scotiabank lifted their target price on Orla Mining from C$7.75 to C$8.75 in a research note on Wednesday, January 15th. Finally, Stifel Nicolaus boosted their price target on Orla Mining from C$8.00 to C$9.75 in a research note on Monday, December 2nd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$11.50.

Orla Mining Trading Down 1.5 %

TSE OLA traded down C$0.20 during mid-day trading on Wednesday, hitting C$12.84. The company’s stock had a trading volume of 677,518 shares, compared to its average volume of 584,863. The firm has a market capitalization of C$2.91 billion, a P/E ratio of 274.45 and a beta of 1.57. The stock’s fifty day simple moving average is C$9.75 and its two-hundred day simple moving average is C$7.69. Orla Mining has a 52-week low of C$4.60 and a 52-week high of C$13.76. The company has a debt-to-equity ratio of 12.68, a current ratio of 4.54 and a quick ratio of 1.22.

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.