Orla Mining (TSE:OLA) Given New C$11.50 Price Target at CIBC

Orla Mining (TSE:OLA) had its target price lifted by CIBC from C$11.00 to C$11.50 in a report issued on Wednesday,BayStreet.CA reports.

Several other research firms have also issued reports on OLA. TD Securities raised shares of Orla Mining to a “hold” rating in a research report on Tuesday, February 4th. Desjardins increased their price objective on shares of Orla Mining from C$10.00 to C$12.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Scotiabank increased their price objective on shares of Orla Mining from C$7.75 to C$8.75 in a research report on Wednesday, January 15th. Finally, Stifel Nicolaus increased their price objective on shares of Orla Mining from C$8.00 to C$9.75 in a research report on Monday, December 2nd.

Orla Mining Stock Performance

Shares of OLA stock opened at C$10.49 on Wednesday. Orla Mining has a one year low of C$4.30 and a one year high of C$10.92. The company has a 50 day moving average price of C$8.89 and a 200 day moving average price of C$7.15. The firm has a market capitalization of C$2.38 billion, a price-to-earnings ratio of 224.22 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.

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.