Orla Mining (TSE:OLA) Upgraded at Stifel Canada

Stifel Canada upgraded shares of Orla Mining (TSE:OLA - Free Report) to a strong-buy rating in a report released on Wednesday,Zacks.com reports.

A number of other analysts also recently weighed in on OLA. Cormark raised their price target on shares of Orla Mining from C$10.00 to C$12.00 in a research report on Thursday, March 20th. BMO Capital Markets raised their price objective on shares of Orla Mining from C$12.50 to C$14.50 in a report on Thursday, March 20th. CIBC boosted their target price on shares of Orla Mining from C$11.50 to C$13.75 and gave the stock an "outperform" rating in a research report on Wednesday, March 19th. TD Securities raised shares of Orla Mining to a "hold" rating in a research report on Tuesday, February 4th. Finally, Desjardins boosted their price objective on Orla Mining from C$12.00 to C$13.00 and gave the company a "buy" rating in a report on Wednesday, March 19th. One 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. According to MarketBeat, Orla Mining presently has an average rating of "Buy" and an average price target of C$11.86.

Orla Mining Stock Up 0.8 %

Shares of TSE:OLA traded up C$0.10 during trading on Wednesday, hitting C$13.03. The company's stock had a trading volume of 524,155 shares, compared to its average volume of 635,585. Orla Mining has a fifty-two week low of C$4.60 and a fifty-two week high of C$13.76. The stock's 50-day moving average price is C$10.12 and its two-hundred day moving average price is C$7.90. The company has a debt-to-equity ratio of 12.68, a quick ratio of 1.22 and a current ratio of 4.54. The company has a market capitalization of C$2.95 billion, a PE ratio of 278.51 and a beta of 1.57.

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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.