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

Orla Mining Ltd. (TSE:OLA) has been assigned an average rating of “Buy” from the four analysts that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$28.39.

Several equities research analysts recently issued reports on OLA shares. Canadian Imperial Bank of Commerce cut Orla Mining from an “outperformer” rating to a “tender” rating and cut their price target for the company from C$32.00 to C$27.00 in a research note on Thursday, July 16th. Desjardins decreased their price target 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 dropped 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 Orla Mining stock opened at C$13.46 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.06 and a debt-to-equity ratio of 42.47. The stock has a market capitalization of C$5.05 billion, a price-to-earnings ratio of 18.69 and a beta of 1.30. Orla Mining has a twelve month low of C$11.81 and a twelve month high of C$29.99. The company has a 50-day simple moving average of C$13.46 and a two-hundred day simple moving average of C$15.41.

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.