Orla Mining (TSE:OLA) Price Target Raised to C$13.75 at CIBC

Orla Mining (TSE:OLA) had its target price hoisted by analysts at CIBC from C$11.50 to C$13.75 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s target price suggests a potential upside of 7.09% from the company’s current price.

A number of other equities analysts have also commented on OLA. TD Securities raised shares of Orla Mining to a “hold” rating in a research report on Tuesday, February 4th. Desjardins boosted their price objective on shares of Orla Mining from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research note on Wednesday. Stifel Nicolaus set a C$15.50 price objective on shares of Orla Mining and gave the stock a “buy” rating in a research note on Wednesday. BMO Capital Markets raised their price objective on Orla Mining from C$8.00 to C$12.50 in a research report on Tuesday, March 4th. Finally, Scotiabank lifted their target price on Orla Mining from C$7.75 to C$8.75 in a research note on Wednesday, January 15th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$11.50.

Orla Mining Trading Down 1.5 %

TSE OLA traded down C$0.20 during trading on Wednesday, hitting C$12.84. The stock had a trading volume of 677,518 shares, compared to its average volume of 584,863. The company has a debt-to-equity ratio of 12.68, a quick ratio of 1.22 and a current ratio of 4.54. The stock has a market capitalization of C$2.91 billion, a price-to-earnings ratio of 274.45 and a beta of 1.57. Orla Mining has a one year low of C$4.60 and a one year high of C$13.76. The stock has a 50 day simple moving average of C$9.75 and a 200 day simple moving average of C$7.69.

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.