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

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

Several other equities research analysts have also weighed in on OLA. TD Securities upgraded Orla Mining to a “hold” rating in a report on Tuesday, February 4th. BMO Capital Markets upped their price objective on shares of Orla Mining from C$8.00 to C$12.50 in a report on Tuesday, March 4th. Stifel Nicolaus set a C$15.50 target price on shares of Orla Mining and gave the stock a “buy” rating in a report on Wednesday. Scotiabank raised their price target on Orla Mining from C$7.75 to C$8.75 in a research report on Wednesday, January 15th. Finally, Desjardins boosted their price objective on Orla Mining from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$11.50.

Orla Mining Price Performance

Shares of TSE:OLA opened at C$12.86 on Wednesday. The stock has a market capitalization of C$2.91 billion, a P/E ratio of 274.87 and a beta of 1.57. The business has a 50-day moving average of C$9.84 and a two-hundred day moving average of C$7.74. Orla Mining has a fifty-two week low of C$4.60 and a fifty-two week 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.

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.