Orla Mining (TSE:OLA) Price Target Raised to C$14.50

Orla Mining (TSE:OLA) had its target price boosted by BMO Capital Markets from C$12.50 to C$14.50 in a research report released on Thursday morning,BayStreet.CA reports.

A number of other research analysts have also recently weighed in on OLA. Scotiabank boosted their price objective on shares of Orla Mining from C$7.75 to C$8.75 in a research report on Wednesday, January 15th. CIBC boosted their target price on shares of Orla Mining from C$11.50 to C$13.75 and gave the company an “outperform” rating in a research note on Wednesday. Cormark boosted their target price on shares of Orla Mining from C$10.00 to C$12.00 in a research note on Thursday. Desjardins upped their price target on shares of Orla Mining from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Stifel Nicolaus set a C$15.50 price objective on Orla Mining and gave the company a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$11.86.

Orla Mining Trading Down 4.6 %

Shares of OLA opened at C$12.71 on Thursday. The company’s fifty day moving average is C$10.02 and its 200 day moving average is C$7.83. Orla Mining has a fifty-two week low of C$4.60 and a fifty-two week high of C$13.76. The stock has a market capitalization of C$2.88 billion, a PE ratio of 271.67 and a beta of 1.57. The company has a debt-to-equity ratio of 12.68, a quick ratio of 1.22 and a current ratio of 4.54.

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.