Orla Mining (TSE:OLA) Price Target Raised to C$14.50 at BMO Capital Markets

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

Several other equities research analysts have also recently weighed in on the stock. Scotiabank increased 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 increased their price objective on shares of Orla Mining from C$11.50 to C$13.75 and gave the stock an “outperform” rating in a research report on Wednesday. TD Securities upgraded shares of Orla Mining to a “hold” rating in a report on Tuesday, February 4th. Desjardins raised 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 report on Wednesday. Finally, Cormark raised their price target on shares of Orla Mining from C$10.00 to C$12.00 in a report on Thursday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$11.86.

Orla Mining Trading Up 3.6 %

Shares of TSE OLA opened at C$13.32 on Thursday. The company has a debt-to-equity ratio of 12.68, a quick ratio of 1.22 and a current ratio of 4.54. Orla Mining has a 52-week low of C$4.60 and a 52-week high of C$13.76. The firm has a 50 day moving average price of C$9.93 and a two-hundred day moving average price of C$7.78. The stock has a market cap of C$3.02 billion, a P/E ratio of 284.71 and a beta of 1.57.

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.