Orla Mining (TSE:OLA) Upgraded to “Strong-Buy” at Stifel Canada

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

Several other brokerages also recently issued reports on OLA. Desjardins increased their price objective on Orla Mining from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research note on Wednesday. Cormark raised their price target on Orla Mining from C$10.00 to C$12.00 in a research note on Thursday. Stifel Nicolaus set a C$15.50 price target on Orla Mining and gave the stock a “buy” rating in a research note on Wednesday. Scotiabank raised their price target on Orla Mining from C$7.75 to C$8.75 in a research note on Wednesday, January 15th. Finally, BMO Capital Markets raised their price target on Orla Mining from C$12.50 to C$14.50 in a research note on Thursday. 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$11.86.

Orla Mining Stock Up 3.6 %

Shares of Orla Mining stock opened at C$13.32 on Wednesday. The stock has a 50-day moving average price of C$9.93 and a 200 day moving average price of C$7.78. The company has a market cap of C$3.02 billion, a P/E ratio of 284.71 and a beta of 1.57. The company has a current ratio of 4.54, a quick ratio of 1.22 and a debt-to-equity ratio of 12.68. Orla Mining has a 1 year low of C$4.60 and a 1 year high of C$13.76.

Orla Mining Company Profile

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.