Orla Mining (TSE:OLA) Given New C$12.00 Price Target at Desjardins

Orla Mining (TSE:OLA - Get Free Report) had its target price hoisted by stock analysts at Desjardins from C$10.00 to C$12.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Desjardins' target price indicates a potential upside of 21.33% from the stock's current price.

Other equities analysts have also issued reports about the company. Scotiabank raised their price target on Orla Mining from C$7.75 to C$8.75 in a research report on Wednesday, January 15th. Stifel Nicolaus boosted their price objective on shares of Orla Mining from C$8.00 to C$9.75 in a research report on Monday, December 2nd. TD Securities upgraded shares of Orla Mining to a "hold" rating in a report on Tuesday, February 4th. Finally, CIBC upped their price target on Orla Mining from C$8.50 to C$9.25 in a research report on Tuesday, December 17th.

Orla Mining Trading Down 1.9 %

Shares of Orla Mining stock traded down C$0.19 during trading on Thursday, reaching C$9.89. The company's stock had a trading volume of 456,817 shares, compared to its average volume of 493,494. The company has a market cap of C$2.24 billion, a price-to-earnings ratio of 211.39 and a beta of 1.57. The firm's 50-day moving average is C$8.53 and its two-hundred day moving average is C$6.86. Orla Mining has a 52-week low of C$4.30 and a 52-week high of C$10.92. 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.