Orla Mining (TSE:OLA) Stock Price Expected to Rise, Cormark Analyst Says

Orla Mining (TSE:OLA) had its target price hoisted by analysts at Cormark from C$10.00 to C$12.00 in a note issued to investors on Thursday,BayStreet.CA reports. Cormark’s price target would suggest a potential downside of 8.40% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. TD Securities upgraded Orla Mining to a “hold” rating in a report on Tuesday, February 4th. Scotiabank lifted their target price on Orla Mining from C$7.75 to C$8.75 in a research report on Wednesday, January 15th. Desjardins lifted 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. Stifel Nicolaus set a C$15.50 price objective on Orla Mining and gave the stock a “buy” rating in a research report on Wednesday. Finally, BMO Capital Markets boosted their price objective on Orla Mining from C$8.00 to C$12.50 in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$11.86.

Orla Mining Trading Up 1.9 %

Shares of OLA stock traded up C$0.24 during mid-day trading on Thursday, reaching C$13.10. 409,843 shares of the stock traded hands, compared to its average volume of 590,488. The stock’s fifty day simple moving average is C$9.84 and its two-hundred day simple moving average is C$7.74. Orla Mining has a 1-year low of C$4.60 and a 1-year high of C$13.76. The company has a market cap of C$2.97 billion, a price-to-earnings ratio of 280.00 and a beta of 1.57. The company has a quick ratio of 1.22, a current ratio of 4.54 and a debt-to-equity ratio of 12.68.

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.