Stifel Nicolaus Reiterates C$15.50 Price Target for Orla Mining (TSE:OLA)

Orla Mining (TSE:OLA) has been assigned a C$15.50 price target by Stifel Nicolaus in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 16.37% from the company’s current price.

A number of other equities analysts also recently weighed in on OLA. TD Securities raised shares of Orla Mining to a “hold” rating in a research note on Tuesday, February 4th. Desjardins raised their target price on shares of Orla Mining from C$12.00 to C$13.00 and gave the company a “buy” rating in a research note on Wednesday. BMO Capital Markets raised their target price on shares of Orla Mining from C$8.00 to C$12.50 in a research note on Tuesday, March 4th. Scotiabank boosted their price objective on shares of Orla Mining from C$7.75 to C$8.75 in a report on Wednesday, January 15th. Finally, CIBC upped their price objective on Orla Mining from C$11.00 to C$11.50 in a research report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$11.86.

Orla Mining Price Performance

Shares of TSE OLA opened at C$13.32 on Wednesday. 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 50 day simple moving average of C$9.93 and a two-hundred day simple moving average of C$7.78. The company has a market capitalization of C$3.02 billion, a price-to-earnings ratio of 284.71 and a beta of 1.57. The company has a debt-to-equity ratio of 12.68, a quick ratio of 1.22 and a current ratio of 4.54.

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.