Desjardins Forecasts Strong Price Appreciation for Orla Mining (TSE:OLA) Stock

Orla Mining (TSE:OLA) had its target price increased by equities researchers at Desjardins from C$10.00 to C$12.00 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price target suggests a potential upside of 21.33% from the company’s current price.

OLA has been the topic of a number of other research reports. CIBC increased their price target on Orla Mining from C$8.50 to C$9.25 in a research note on Tuesday, December 17th. Scotiabank increased their target price on Orla Mining from C$7.75 to C$8.75 in a research report on Wednesday, January 15th. TD Securities upgraded Orla Mining to a “hold” rating in a report on Tuesday, February 4th. Finally, Stifel Nicolaus increased their price objective on shares of Orla Mining from C$8.00 to C$9.75 in a report on Monday, December 2nd.

Orla Mining Trading Down 1.9 %

Shares of OLA stock opened at C$9.89 on Thursday. Orla Mining has a twelve month low of C$4.30 and a twelve month high of C$10.92. The company has a market capitalization of C$2.24 billion, a price-to-earnings ratio of 211.39 and a beta of 1.57. The firm has a 50-day moving average price of C$8.48 and a 200 day moving average price of C$6.81. 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 (TSE:OLA) last announced its quarterly earnings data on Tuesday, November 12th. The company reported C$0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.13 by C($0.05). Orla Mining had a net margin of 3.15% and a return on equity of 2.24%. During the same quarter in the previous year, the company posted $0.03 EPS. Research analysts forecast that Orla Mining will post 0.3352878 earnings per share for the current fiscal year.

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.