Orla Mining (TSE:OLA) Given a C$15.50 Price Target by Stifel Nicolaus Analysts

Stifel Nicolaus set a C$15.50 target price on Orla Mining (TSE:OLA - Free Report) in a research report sent to investors on Wednesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

OLA has been the subject of a number of other research reports. BMO Capital Markets increased their price target on shares of Orla Mining from C$8.00 to C$12.50 in a report on Tuesday, March 4th. Scotiabank raised their price objective on Orla Mining from C$7.75 to C$8.75 in a research note on Wednesday, January 15th. CIBC boosted their target price on Orla Mining from C$11.00 to C$11.50 in a research report on Wednesday, February 26th. Desjardins raised their price target on Orla Mining from C$12.00 to C$13.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, TD Securities raised shares of Orla Mining to a "hold" rating in a research note on Tuesday, February 4th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Orla Mining has a consensus rating of "Buy" and an average price target of C$11.86.

Orla Mining Price Performance

Orla Mining stock traded down C$0.61 during mid-day trading on Wednesday, reaching C$12.71. 2,742,561 shares of the company's stock traded hands, compared to its average volume of 637,181. Orla Mining has a 12-month low of C$4.60 and a 12-month high of C$13.76. 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 stock has a 50 day moving average of C$10.02 and a two-hundred day moving average of C$7.83. The company has a market cap of C$2.88 billion, a price-to-earnings ratio of 271.67 and a beta of 1.57.

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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.