Orla Mining Ltd. (TSE:OLA) Stock Has Consensus Price Target of C$28.39

Shares of Orla Mining Ltd. (TSE:OLA) have earned a consensus rating of “Buy” from the four analysts that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$28.39.

Several research analysts recently weighed in on the company. Canadian Imperial Bank of Commerce lowered Orla Mining from an “outperformer” rating to a “tender” rating and lowered their price objective for the stock from C$32.00 to C$27.00 in a research report on Thursday, July 16th. Desjardins reduced their target price on Orla Mining from C$30.00 to C$29.00 and set a “buy” rating on the stock in a research report on Monday, July 27th. Finally, Royal Bank Of Canada decreased their price target on Orla Mining from C$28.00 to C$19.00 in a research note on Thursday, July 9th.

Orla Mining Price Performance

Shares of TSE OLA opened at C$13.46 on Wednesday. The company has a 50 day simple moving average of C$13.36 and a 200-day simple moving average of C$16.34. The company has a market capitalization of C$5.05 billion, a P/E ratio of 18.69 and a beta of 1.30. The company has a debt-to-equity ratio of 42.47, a current ratio of 1.06 and a quick ratio of 1.22. Orla Mining has a 1 year low of C$11.81 and a 1 year high of C$29.99.

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.