Cormark Forecasts Strong Price Appreciation for Orla Mining (TSE:OLA) Stock

Orla Mining (TSE:OLA) had its price objective lifted by Cormark from C$10.00 to C$12.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports.

Several other equities analysts have also commented on the company. TD Securities raised Orla Mining to a “hold” rating in a report on Tuesday, February 4th. Desjardins upped their target price on Orla Mining from C$12.00 to C$13.00 and gave the company a “buy” rating in a report on Wednesday. Stifel Nicolaus set a C$15.50 target price on Orla Mining and gave the company a “buy” rating in a report on Wednesday. CIBC upped their target price on Orla Mining from C$11.50 to C$13.75 and gave the company an “outperform” rating in a report on Wednesday. Finally, Scotiabank upped their target price on Orla Mining from C$7.75 to C$8.75 in a report on Wednesday, January 15th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$11.86.

Orla Mining Stock Up 3.6 %

Shares of Orla Mining stock opened at C$13.32 on Thursday. The company has a quick ratio of 1.22, a current ratio of 4.54 and a debt-to-equity ratio of 12.68. The firm has a market cap of C$3.02 billion, a P/E ratio of 284.71 and a beta of 1.57. Orla Mining has a fifty-two week low of C$4.60 and a fifty-two week high of C$13.76. The business has a 50-day moving average price of C$9.93 and a 200 day moving average price of C$7.78.

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.