BMO Capital Markets Increases Orla Mining (TSE:OLA) Price Target to C$14.50

Orla Mining (TSE:OLA) had its target price upped by stock analysts at BMO Capital Markets from C$12.50 to C$14.50 in a report issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 14.08% from the company’s previous close.

Several other research firms have also recently issued reports on OLA. Scotiabank increased their target price on Orla Mining from C$7.75 to C$8.75 in a research report on Wednesday, January 15th. CIBC increased their target price on Orla Mining from C$11.50 to C$13.75 and gave the stock an “outperform” rating in a research report on Wednesday. Desjardins increased their target price on Orla Mining from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research report on Wednesday. TD Securities upgraded Orla Mining to a “hold” rating in a research report on Tuesday, February 4th. Finally, Stifel Nicolaus set a C$15.50 price target on Orla Mining and gave the company a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Orla Mining has a consensus rating of “Buy” and a consensus price target of C$11.86.

Orla Mining Stock Performance

Shares of OLA opened at C$12.71 on Thursday. 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 simple moving average of C$10.02 and a two-hundred day simple moving average of C$7.81. The stock has a market cap of C$2.88 billion, a price-to-earnings ratio of 271.67 and a beta of 1.57. Orla Mining has a 52 week low of C$4.60 and a 52 week high of C$13.76.

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.