CIBC Increases Orla Mining (TSE:OLA) Price Target to C$11.50

Orla Mining (TSE:OLA) had its target price upped by investment analysts at CIBC from C$11.00 to C$11.50 in a research report issued on Wednesday,BayStreet.CA reports. CIBC’s price target points to a potential upside of 13.30% from the company’s current price.

Several other brokerages have also recently weighed in on OLA. Scotiabank lifted their price target on Orla Mining from C$7.75 to C$8.75 in a research report on Wednesday, January 15th. Desjardins lifted their price target 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. TD Securities upgraded Orla Mining to a “hold” rating in a research report on Tuesday, February 4th. Finally, Stifel Nicolaus lifted their price target on Orla Mining from C$8.00 to C$9.75 in a research report on Monday, December 2nd.

Orla Mining Trading Down 3.2 %

Shares of TSE:OLA opened at C$10.15 on Wednesday. Orla Mining has a 52-week low of C$4.30 and a 52-week high of C$10.92. The stock has a market cap of C$2.30 billion, a price-to-earnings ratio of 216.95 and a beta of 1.57. The company has a quick ratio of 1.22, a current ratio of 4.54 and a debt-to-equity ratio of 12.68. The business has a 50-day moving average price of C$8.93 and a 200-day moving average price of C$7.17.

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.