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

Stifel Nicolaus set a C$15.50 price objective on Orla Mining (TSE:OLA) in a report published on Wednesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other equities research analysts also recently issued reports about the company. Scotiabank lifted their price objective on Orla Mining from C$7.75 to C$8.75 in a report on Wednesday, January 15th. BMO Capital Markets lifted their price objective on Orla Mining from C$8.00 to C$12.50 in a research note on Tuesday, March 4th. CIBC boosted their target price on Orla Mining from C$11.00 to C$11.50 in a research report on Wednesday, February 26th. Desjardins upped their target price on Orla Mining from C$12.00 to C$13.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, TD Securities raised Orla Mining to a “hold” rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$11.86.

Orla Mining Stock Performance

Shares of OLA stock opened at C$12.71 on Wednesday. The stock has a fifty day moving average of C$10.02 and a 200 day moving average of C$7.81. Orla Mining has a 52 week low of C$4.60 and a 52 week high of C$13.76. 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. 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.