Orla Mining (TSE:OLA) PT Set at C$15.50 by Stifel Nicolaus

Orla Mining (TSE:OLA) received a C$15.50 price target from stock analysts at Stifel Nicolaus in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 20.72% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Desjardins raised their target price 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. BMO Capital Markets lifted their target price on shares of Orla Mining from C$8.00 to C$12.50 in a report 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 objective on shares of Orla Mining from C$11.00 to C$11.50 in a research report on Wednesday, February 26th. Finally, Scotiabank lifted their price objective on shares of Orla Mining from C$7.75 to C$8.75 in a research report on Wednesday, January 15th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$11.50.

Orla Mining Trading Down 1.5 %

Orla Mining stock traded down C$0.20 during midday trading on Wednesday, hitting C$12.84. 677,518 shares of the stock were exchanged, compared to its average volume of 584,863. 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$2.91 billion, a price-to-earnings ratio of 274.45 and a beta of 1.57. The stock’s 50-day simple moving average is C$9.75 and its 200 day simple moving average is C$7.69. The company has a current ratio of 4.54, a quick ratio of 1.22 and a debt-to-equity ratio of 12.68.

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.