Orla Mining (TSE:OLA) Upgraded at Stifel Canada

Stifel Canada upgraded shares of Orla Mining (TSE:OLA) to a strong-buy rating in a research note released on Wednesday,Zacks.com reports.

Several other equities analysts have also recently issued reports on the company. Cormark boosted their price objective on Orla Mining from C$10.00 to C$12.00 in a report on Thursday. Scotiabank boosted their price objective on Orla Mining from C$7.75 to C$8.75 in a report on Wednesday, January 15th. BMO Capital Markets boosted their price objective on Orla Mining from C$12.50 to C$14.50 in a report on Thursday. Stifel Nicolaus set a C$15.50 price objective on Orla Mining and gave the company a “buy” rating in a report on Wednesday. Finally, Desjardins boosted their price objective on Orla Mining from C$12.00 to C$13.00 and gave the company a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$11.86.

Orla Mining Stock Performance

Shares of OLA opened at C$12.71 on Wednesday. The stock has a 50-day moving average of C$10.02 and a two-hundred day moving average of C$7.81. Orla Mining has a one year low of C$4.60 and a one year high of C$13.76. 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 cap of C$2.88 billion, a P/E ratio of 271.67 and a beta of 1.57.

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.