Orla Mining (TSE:OLA) Price Target Raised to C$13.75

Orla Mining (TSE:OLA - Get Free Report) had its target price hoisted by CIBC from C$11.50 to C$13.75 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. CIBC's target price suggests a potential upside of 8.18% from the company's previous close.

A number of other brokerages have also weighed in on OLA. Desjardins boosted their price objective on shares of Orla Mining from C$12.00 to C$13.00 and gave the company a "buy" rating in a report on Wednesday. Scotiabank boosted their price target on Orla Mining from C$7.75 to C$8.75 in a research note on Wednesday, January 15th. TD Securities upgraded Orla Mining to a "hold" rating in a research note on Tuesday, February 4th. Stifel Nicolaus set a C$15.50 target price on Orla Mining and gave the stock a "buy" rating in a report on Wednesday. Finally, 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. 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's stock. According to data from MarketBeat, Orla Mining has an average rating of "Buy" and a consensus target price of C$11.86.

Orla Mining Stock Performance

TSE:OLA traded down C$0.61 during trading hours on Wednesday, hitting C$12.71. 2,742,561 shares of the company were exchanged, compared to its average volume of 637,181. The company has a debt-to-equity ratio of 12.68, a current ratio of 4.54 and a quick ratio of 1.22. Orla Mining has a 52-week low of C$4.60 and a 52-week high of C$13.76. The stock 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's 50 day moving average price is C$10.02 and its 200-day moving average price is C$7.83.

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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.