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

Orla Mining (TSE:OLA) had its price target increased by analysts at Desjardins from C$12.00 to C$13.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price target would suggest a potential upside of 1.25% from the stock’s current price.

Several other research analysts have also recently issued reports on the stock. BMO Capital Markets lifted their target price on shares of Orla Mining from C$8.00 to C$12.50 in a report on Tuesday, March 4th. TD Securities upgraded shares of Orla Mining to a “hold” rating in a report on Tuesday, February 4th. Stifel Nicolaus upped their price target on shares of Orla Mining from C$8.00 to C$9.75 in a report on Monday, December 2nd. CIBC increased their target price on shares of Orla Mining from C$11.00 to C$11.50 in a report on Wednesday, February 26th. Finally, Scotiabank increased their target price on shares of 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 issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$11.50.

Orla Mining Stock Performance

Shares of Orla Mining stock traded down C$0.20 on Wednesday, reaching C$12.84. 677,518 shares of the company traded hands, compared to its average volume of 584,863. The firm has a market capitalization of C$2.91 billion, a PE ratio of 274.45 and a beta of 1.57. The company has a debt-to-equity ratio of 12.68, a current ratio of 4.54 and a quick ratio of 1.22. The company has a 50 day moving average of C$9.75 and a 200 day moving average of C$7.69. Orla Mining has a 52 week low of C$4.60 and a 52 week high of C$13.76.

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.