BMO Capital Markets Issues Positive Forecast for Orla Mining (TSE:OLA) Stock Price

Orla Mining (TSE:OLA) had its price target upped by analysts at BMO Capital Markets from C$8.00 to C$12.50 in a note issued to investors on Tuesday,BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 24.13% from the stock’s current price.

A number of other research analysts also recently weighed in on OLA. TD Securities raised Orla Mining to a “hold” rating in a report on Tuesday, February 4th. Desjardins raised their price target on Orla Mining from C$10.00 to C$12.00 and gave the company a “buy” rating in a report on Thursday, February 13th. CIBC increased their price target on Orla Mining from C$11.00 to C$11.50 in a report on Wednesday, February 26th. Scotiabank boosted their price objective on Orla Mining from C$7.75 to C$8.75 in a report on Wednesday, January 15th. Finally, Stifel Nicolaus increased their price objective on Orla Mining from C$8.00 to C$9.75 in a research note on Monday, December 2nd.

Orla Mining Stock Down 1.3 %

Shares of TSE OLA traded down C$0.13 on Tuesday, reaching C$10.07. 450,616 shares of the company’s stock traded hands, compared to its average volume of 510,442. Orla Mining has a 12 month low of C$4.60 and a 12 month high of C$10.92. The company has a market cap of C$2.28 billion, a price-to-earnings ratio of 215.24 and a beta of 1.57. The business’s 50 day simple moving average is C$9.02 and its two-hundred day simple moving average is C$7.25. The company has a quick ratio of 1.22, a current ratio of 4.54 and a debt-to-equity ratio of 12.68.

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.