Orla Mining (TSE:OLA) Given New C$13.75 Price Target at CIBC

Orla Mining (TSE:OLA) had its target price hoisted by analysts at CIBC from C$11.50 to C$13.75 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s price target points to a potential upside of 3.23% from the stock’s current price.

Several other brokerages have also issued reports on OLA. Scotiabank upped their target price on Orla Mining from C$7.75 to C$8.75 in a research report on Wednesday, January 15th. 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. TD Securities raised Orla Mining to a “hold” rating in a research report on Tuesday, February 4th. 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, 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. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$11.86.

Orla Mining Trading Up 3.6 %

Shares of TSE OLA opened at C$13.32 on Wednesday. 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 stock has a market capitalization 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 business has a fifty day moving average price of C$9.93 and a 200 day moving average price of C$7.78.

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.