Cormark Issues Positive Forecast for Orla Mining (TSE:OLA) Stock Price

Orla Mining (TSE:OLA) had its price objective boosted by Cormark from C$10.00 to C$12.00 in a research note published on Thursday morning,BayStreet.CA reports.

A number of other brokerages have also recently issued reports on OLA. Desjardins upped 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. BMO Capital Markets upped their target price on Orla Mining from C$8.00 to C$12.50 in a research report on Tuesday, March 4th. Scotiabank upped their target price on Orla Mining from C$7.75 to C$8.75 in a research report on Wednesday, January 15th. Stifel Nicolaus set a C$15.50 target price on Orla Mining and gave the company a “buy” rating in a research report on Wednesday. Finally, TD Securities raised Orla Mining to a “hold” rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$11.86.

Orla Mining Trading Up 3.6 %

TSE:OLA opened at C$13.32 on Thursday. The stock has a 50-day simple moving average of C$9.93 and a 200-day simple moving average of C$7.78. The stock has a market cap of C$3.02 billion, a P/E ratio of 284.71 and a beta of 1.57. Orla Mining has a 1 year low of C$4.60 and a 1 year high of C$13.76. The company has a debt-to-equity ratio of 12.68, a quick ratio of 1.22 and a current ratio of 4.54.

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.