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

Orla Mining (TSE:OLA) had its price target upped by Desjardins from C$10.00 to C$12.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective would indicate a potential upside of 21.70% from the stock’s previous close.

Several other brokerages also recently weighed in on OLA. TD Securities raised shares of Orla Mining to a “hold” rating in a research note on Tuesday, February 4th. CIBC boosted their price objective on shares of Orla Mining from C$8.50 to C$9.25 in a research note on Tuesday, December 17th. Scotiabank lifted their price objective on Orla Mining from C$7.75 to C$8.75 in a research note on Wednesday, January 15th. Finally, Stifel Nicolaus raised their target price on shares of Orla Mining from C$8.00 to C$9.75 in a research note on Monday, December 2nd.

Orla Mining Stock Up 0.9 %

TSE:OLA traded up C$0.09 during trading hours on Thursday, hitting C$9.86. The company’s stock had a trading volume of 463,695 shares, compared to its average volume of 484,829. The company has a current ratio of 4.54, a quick ratio of 1.22 and a debt-to-equity ratio of 12.68. Orla Mining has a 52-week low of C$4.30 and a 52-week high of C$10.92. The stock has a fifty day moving average of C$8.42 and a 200-day moving average of C$6.79. The stock has a market capitalization of C$2.23 billion, a P/E ratio of 210.75 and a beta of 1.57.

Orla Mining (TSE:OLA) last posted its quarterly earnings results on Tuesday, November 12th. The company reported C$0.08 EPS for the quarter, missing the consensus estimate of C$0.13 by C($0.05). Orla Mining had a net margin of 3.15% and a return on equity of 2.24%. During the same period last year, the firm earned $0.03 earnings per share. On average, equities analysts forecast that Orla Mining will post 0.3352878 earnings per share for the current year.

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.