Stifel Canada Upgrades Orla Mining (TSE:OLA) to “Strong-Buy”

Orla Mining (TSE:OLA) was upgraded by equities research analysts at Stifel Canada to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

Several other equities research analysts have also recently commented on OLA. Desjardins increased their price objective on Orla Mining from C$12.00 to C$13.00 and gave the company a “buy” rating in a research report on Wednesday. Scotiabank increased their price objective on Orla Mining from C$7.75 to C$8.75 in a research report on Wednesday, January 15th. CIBC increased their price objective on Orla Mining from C$11.50 to C$13.75 and gave the company an “outperform” rating in a research report on Wednesday. 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. Finally, Cormark raised their target price on Orla Mining from C$10.00 to C$12.00 in a research report on Thursday. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$11.86.

Orla Mining Trading Up 3.6 %

Orla Mining stock opened at C$13.32 on Wednesday. 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 has a one year low of C$4.60 and a one year high of C$13.76. The stock has a market capitalization of C$3.02 billion, a PE ratio of 284.71 and a beta of 1.57. The business’s fifty day moving average is C$9.93 and its 200 day moving average is C$7.78.

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.