Orla Mining (TSE:OLA) Stock Price Expected to Rise, Cormark Analyst Says

Orla Mining (TSE:OLA) had its price target lifted by research analysts at Cormark from C$10.00 to C$12.00 in a research note issued on Thursday,BayStreet.CA reports. Cormark’s price target would indicate a potential downside of 8.40% from the stock’s previous close.

A number of other research firms have also weighed in on OLA. BMO Capital Markets raised their target price on shares of Orla Mining from C$8.00 to C$12.50 in a research note on Tuesday, March 4th. CIBC lifted their price target on shares of Orla Mining from C$11.50 to C$13.75 and gave the company an “outperform” rating in a research report on Wednesday. Scotiabank boosted their target price on shares of Orla Mining from C$7.75 to C$8.75 in a research note on Wednesday, January 15th. Stifel Nicolaus set a C$15.50 price target on shares of Orla Mining and gave the company a “buy” rating in a research report on Wednesday. Finally, Desjardins boosted their price target on shares of Orla Mining from C$12.00 to C$13.00 and gave the company a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$11.86.

Orla Mining Stock Performance

OLA stock traded up C$0.24 during midday trading on Thursday, reaching C$13.10. The stock had a trading volume of 409,843 shares, compared to its average volume of 590,488. The firm has a fifty day simple moving average of C$9.84 and a two-hundred day simple moving average of C$7.74. The stock has a market cap of C$2.97 billion, a PE ratio of 280.00 and a beta of 1.57. The company has a debt-to-equity ratio of 12.68, a quick ratio of 1.22 and a current ratio of 4.54. Orla Mining has a 52-week low of C$4.60 and a 52-week high of C$13.76.

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.