Orla Mining (TSE:OLA) Price Target Raised to C$13.75

Orla Mining (TSE:OLA) had its price target raised by CIBC from C$11.50 to C$13.75 in a research note published on Wednesday morning,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Several other equities analysts have also issued reports on OLA. Desjardins boosted their target price on Orla Mining from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research report on Wednesday. Stifel Nicolaus set a C$15.50 target price on Orla Mining and gave the company a “buy” rating in a research note on Wednesday. TD Securities upgraded Orla Mining to a “hold” rating in a research note on Tuesday, February 4th. Scotiabank upped their price objective on Orla Mining from C$7.75 to C$8.75 in a research note on Wednesday, January 15th. Finally, BMO Capital Markets upped their price objective on Orla Mining from C$8.00 to C$12.50 in a research note on Tuesday, March 4th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Orla Mining presently has an average rating of “Buy” and an average target price of C$11.86.

Orla Mining Stock Performance

Shares of TSE:OLA opened at C$12.71 on Wednesday. The business has a fifty day moving average of C$10.02 and a 200-day moving average of C$7.81. The company has a debt-to-equity ratio of 12.68, a quick ratio of 1.22 and a current ratio of 4.54. The firm has a market cap of C$2.88 billion, a PE ratio of 271.67 and a beta of 1.57. Orla Mining has a twelve month low of C$4.60 and a twelve month high of C$13.76.

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.