Orla Mining (TSE:OLA - Get Free Report) had its target price boosted by equities researchers at BMO Capital Markets from C$12.50 to C$14.50 in a report released on Thursday,BayStreet.CA reports. BMO Capital Markets' price objective would indicate a potential upside of 11.97% from the stock's current price.
OLA has been the topic of several other research reports. Stifel Nicolaus set a C$15.50 target price on shares of Orla Mining and gave the company a "buy" rating in a report on Wednesday, March 19th. Desjardins raised their price objective on Orla Mining from C$12.00 to C$13.00 and gave the company a "buy" rating in a research report on Wednesday, March 19th. Cormark upped their target price on Orla Mining from C$10.00 to C$12.00 in a research report on Thursday. Scotiabank increased their target price on Orla Mining from C$7.75 to C$8.75 in a research note on Wednesday, January 15th. Finally, TD Securities raised Orla Mining to a "hold" rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Orla Mining presently has an average rating of "Buy" and an average price target of C$11.86.
Read Our Latest Analysis on OLA
Orla Mining Trading Up 1.9 %
TSE OLA traded up C$0.24 during mid-day trading on Thursday, hitting C$12.95. The company's stock had a trading volume of 313,741 shares, compared to its average volume of 631,245. The firm has a market capitalization of C$2.93 billion, a P/E ratio of 276.80 and a beta of 1.57. 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's fifty day simple moving average is C$10.02 and its two-hundred day simple moving average is C$7.85.
About Orla Mining
(
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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.
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