Orla Mining (TSE:OLA) Given New C$13.00 Price Target at Desjardins

Orla Mining (TSE:OLA) had its price objective raised by Desjardins from C$12.00 to C$13.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities analysts have also issued reports on the company. Scotiabank raised their price target on Orla Mining from C$7.75 to C$8.75 in a report on Wednesday, January 15th. TD Securities upgraded Orla Mining to a “hold” rating in a research note on Tuesday, February 4th. CIBC increased their price target on Orla Mining from C$11.00 to C$11.50 in a report on Wednesday, February 26th. BMO Capital Markets boosted their price objective on shares of Orla Mining from C$8.00 to C$12.50 in a research note on Tuesday, March 4th. Finally, Stifel Nicolaus raised their target price on shares of Orla Mining from C$8.00 to C$9.75 in a research note on Monday, December 2nd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$11.50.

Orla Mining Stock Down 1.4 %

Shares of TSE:OLA opened at C$12.86 on Wednesday. Orla Mining has a 1-year low of C$4.60 and a 1-year high of C$13.76. The company has a debt-to-equity ratio of 12.68, a current ratio of 4.54 and a quick ratio of 1.22. The stock has a market cap of C$2.91 billion, a P/E ratio of 274.87 and a beta of 1.57. The firm has a fifty day moving average price of C$9.84 and a 200 day moving average price of C$7.74.

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.