Orla Mining (TSE:OLA) Price Target Raised to C$12.50

Orla Mining (TSE:OLA) had its target price increased by BMO Capital Markets from C$8.00 to C$12.50 in a report published on Tuesday,BayStreet.CA reports.

Several other equities research analysts also recently commented on the company. Desjardins raised their target price on Orla Mining from C$10.00 to C$12.00 and gave the company a “buy” rating in a report on Thursday, February 13th. CIBC raised their target price on Orla Mining from C$11.00 to C$11.50 in a report on Wednesday, February 26th. Scotiabank raised their target price on Orla Mining from C$7.75 to C$8.75 in a report on Wednesday, January 15th. TD Securities upgraded Orla Mining to a “hold” rating in a report on Tuesday, February 4th. Finally, Stifel Nicolaus lifted their price objective on Orla Mining from C$8.00 to C$9.75 in a report on Monday, December 2nd.

Orla Mining Stock Performance

Orla Mining stock opened at C$10.47 on Tuesday. The stock’s 50-day moving average is C$9.16 and its 200-day moving average is C$7.34. The company has a market cap of C$2.37 billion, a price-to-earnings ratio of 223.79 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 12 month low of C$4.60 and a 12 month high of C$10.92.

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.