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

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

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

Orla Mining Price Performance

Shares of OLA opened at C$10.47 on Tuesday. The firm has a market cap of C$2.37 billion, a price-to-earnings ratio of 223.79 and a beta of 1.57. The stock has a 50 day moving average of C$9.16 and a 200-day moving average of C$7.34. 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 52 week low of C$4.60 and a 52 week high of C$10.92.

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.