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

Orla Mining (TSE:OLA) had its price objective upped by stock analysts at BMO Capital Markets from C$12.50 to C$14.50 in a note issued to investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 14.08% from the stock’s previous close.

Several other equities research analysts have also issued reports on OLA. Cormark raised their price objective on Orla Mining from C$10.00 to C$12.00 in a research note on Thursday. Desjardins raised their price objective on Orla Mining from C$12.00 to C$13.00 and gave the company a “buy” rating in a research note on Wednesday. TD Securities raised Orla Mining to a “hold” rating in a research note on Tuesday, February 4th. Stifel Nicolaus set a C$15.50 price target on Orla Mining and gave the stock a “buy” rating in a report on Wednesday. Finally, Scotiabank increased their price target on Orla Mining from C$7.75 to C$8.75 in a report on Wednesday, January 15th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$11.86.

Orla Mining Price Performance

TSE:OLA opened at C$12.71 on Thursday. The firm has a market capitalization of C$2.88 billion, a price-to-earnings ratio of 271.67 and a beta of 1.57. Orla Mining has a 1 year low of C$4.60 and a 1 year high of C$13.76. The business has a 50 day simple moving average of C$10.02 and a 200-day simple moving average of C$7.81. 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.