Orla Mining (TSE:OLA) Given New C$13.00 Price Target at Desjardins

Orla Mining (TSE:OLA) had its target price upped by Desjardins from C$12.00 to C$13.00 in a research report sent to investors on Wednesday,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other research analysts have also recently commented on the stock. CIBC boosted their price target on shares of Orla Mining from C$11.00 to C$11.50 in a report on Wednesday, February 26th. TD Securities raised Orla Mining to a “hold” rating in a report on Tuesday, February 4th. Scotiabank raised their price target on Orla Mining from C$7.75 to C$8.75 in a research note on Wednesday, January 15th. Stifel Nicolaus upped their price objective on Orla Mining from C$8.00 to C$9.75 in a research report on Monday, December 2nd. Finally, BMO Capital Markets raised their target price on Orla Mining from C$8.00 to C$12.50 in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$11.50.

Orla Mining Stock Performance

Shares of OLA opened at C$12.86 on Wednesday. Orla Mining has a 1 year low of C$4.60 and a 1 year high of C$13.76. The stock has a market capitalization of C$2.91 billion, a PE ratio of 274.87 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. The stock has a 50-day simple moving average of C$9.84 and a 200-day simple moving average of C$7.74.

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.