Scotiabank Boosts Orla Mining (TSE:OLA) Price Target to C$8.75

Orla Mining (TSE:OLA) had its target price increased by Scotiabank from C$7.75 to C$8.75 in a report published on Wednesday morning,BayStreet.CA reports. Scotiabank also issued estimates for Orla Mining’s FY2025 earnings at $0.53 EPS and FY2026 earnings at $0.73 EPS.

Several other brokerages have also issued reports on OLA. Desjardins raised shares of Orla Mining to a “moderate buy” rating in a report on Thursday, October 31st. Stifel Nicolaus lifted their price target on Orla Mining from C$8.00 to C$9.75 in a report on Monday, December 2nd. Finally, CIBC upped their price objective on Orla Mining from C$8.50 to C$9.25 in a research note on Tuesday, December 17th.

Orla Mining Stock Up 2.8 %

Shares of Orla Mining stock opened at C$8.38 on Wednesday. The company has a debt-to-equity ratio of 17.76, a current ratio of 5.89 and a quick ratio of 1.22. The stock has a market cap of C$2.68 billion, a price-to-earnings ratio of -167.60 and a beta of 1.57. The firm’s 50-day moving average is C$7.29 and its two-hundred day moving average is C$6.24. Orla Mining has a 1 year low of C$4.07 and a 1 year high of C$8.67.

About Orla Mining

Orla Mining Ltd. acquires, explores, develops, and exploits mineral properties. The company explores for gold, silver, zinc, lead, and copper deposits. It owns 100% interests in the Camino Rojo project that consists of seven concessions covering an area of 138,636 hectares located in Zacatecas, Mexico; Cerro Quema project totaling an area of 15,000 hectares located in the Azuero Peninsula, Panama; and the South Railroad project consisting of an area of 21,000 hectares located in Elko, Nevada.