Orla Mining (TSE:OLA) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Orla Mining (TSE:OLA) had its target price increased by BMO Capital Markets from C$12.50 to C$14.50 in a report released on Thursday morning,BayStreet.CA reports.

Several other research firms have also commented on OLA. Stifel Nicolaus set a C$15.50 price objective on Orla Mining and gave the stock a “buy” rating in a research report on Wednesday. Cormark increased their target price on Orla Mining from C$10.00 to C$12.00 in a research report on Thursday. Desjardins increased their target price on Orla Mining from C$12.00 to C$13.00 and gave the company a “buy” rating in a research report on Wednesday. TD Securities raised Orla Mining to a “hold” rating in a research note on Tuesday, February 4th. Finally, CIBC increased their price objective on Orla Mining from C$11.50 to C$13.75 and gave the company an “outperform” rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$11.86.

Orla Mining Trading Down 4.6 %

Shares of TSE:OLA opened at C$12.71 on Thursday. Orla Mining has a 52-week low of C$4.60 and a 52-week high of C$13.76. The stock has a market cap 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. The business has a 50-day moving average price of C$10.02 and a 200-day moving average price of C$7.83.

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.