Desjardins Forecasts Strong Price Appreciation for Orla Mining (TSE:OLA) Stock

Orla Mining (TSE:OLA - Get Free Report) had its price target hoisted by investment analysts at Desjardins from C$12.00 to C$13.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Desjardins' price objective points to a potential upside of 2.28% from the company's previous close. Desjardins also issued estimates for Orla Mining's FY2025 earnings at $0.43 EPS.

Several other equities research analysts have also commented on OLA. Scotiabank upped their price objective on Orla Mining from C$7.75 to C$8.75 in a research note on Wednesday, January 15th. CIBC raised their price objective on Orla Mining from C$11.00 to C$11.50 in a research note on Wednesday, February 26th. Stifel Nicolaus lifted their price objective on Orla Mining from C$8.00 to C$9.75 in a research report on Monday, December 2nd. TD Securities raised shares of Orla Mining to a "hold" rating in a report on Tuesday, February 4th. Finally, BMO Capital Markets lifted their price target on shares of Orla Mining from C$8.00 to C$12.50 in a report on Tuesday, March 4th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of C$11.86.

Orla Mining Stock Performance

Shares of Orla Mining stock traded down C$0.61 during trading hours on Wednesday, reaching C$12.71. 2,742,561 shares of the stock traded hands, compared to its average volume of 637,181. Orla Mining has a one year low of C$4.60 and a one year high of C$13.76. The firm has a market capitalization of C$2.88 billion, a price-to-earnings ratio of 271.67 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. The company has a 50 day moving average price of C$10.02 and a 200 day moving average price of C$7.83.

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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.