Stifel Nicolaus Reiterates C$15.50 Price Target for Orla Mining (TSE:OLA)

Stifel Nicolaus set a C$15.50 target price on Orla Mining (TSE:OLA) in a research note published on Wednesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

OLA has been the subject of a number of other research reports. Desjardins raised their price objective on shares of Orla Mining from C$12.00 to C$13.00 and gave the company a “buy” rating in a report on Wednesday. CIBC raised their price target on shares of Orla Mining from C$11.00 to C$11.50 in a report on Wednesday, February 26th. Scotiabank raised their price objective on shares of Orla Mining from C$7.75 to C$8.75 in a research report on Wednesday, January 15th. BMO Capital Markets raised their price objective on shares of Orla Mining from C$8.00 to C$12.50 in a research report on Tuesday, March 4th. Finally, TD Securities upgraded shares of Orla Mining to a “hold” rating in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Orla Mining presently has a consensus rating of “Buy” and a consensus target price of C$11.86.

Orla Mining Stock Down 4.6 %

OLA stock opened at C$12.71 on Wednesday. The stock has a market capitalization of C$2.88 billion, a P/E ratio of 271.67 and a beta of 1.57. 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 12 month low of C$4.60 and a 12 month high of C$13.76. The firm has a 50-day moving average price of C$10.02 and a 200-day moving average price of C$7.81.

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.