BMO Capital Markets Issues Positive Forecast for Orla Mining (TSE:OLA) Stock Price

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

A number of other research firms also recently issued reports on OLA. Scotiabank lifted their price target on shares of Orla Mining from C$7.75 to C$8.75 in a research report on Wednesday, January 15th. CIBC lifted their price target on shares of Orla Mining from C$11.00 to C$11.50 in a research report on Wednesday, February 26th. Desjardins lifted their price target on shares of 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 shares of Orla Mining to a “hold” rating in a research report on Tuesday, February 4th. Finally, Stifel Nicolaus lifted their price target on shares of Orla Mining from C$8.00 to C$9.75 in a research report on Monday, December 2nd.

Orla Mining Price Performance

Shares of OLA opened at C$10.01 on Tuesday. Orla Mining has a twelve month low of C$4.60 and a twelve month high of C$10.92. The stock’s 50 day moving average is C$9.06 and its two-hundred day moving average is C$7.28. The firm has a market capitalization of C$2.27 billion, a PE ratio of 213.96 and a beta of 1.57. The company has a current ratio of 4.54, a quick ratio of 1.22 and a debt-to-equity ratio of 12.68.

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.