Brokerages Set Orla Mining Ltd. (TSE:OLA) Price Target at C$11.86

Orla Mining Ltd. (TSE:OLA) has earned a consensus rating of “Buy” from the six analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$11.86.

A number of brokerages have commented on OLA. CIBC boosted their price objective on Orla Mining from C$11.50 to C$13.75 and gave the stock an “outperform” rating in a research note on Wednesday, March 19th. BMO Capital Markets lifted their price objective on shares of Orla Mining from C$12.50 to C$14.50 in a research note on Thursday. Desjardins raised their price target on shares of Orla Mining from C$12.00 to C$13.00 and gave the company a “buy” rating in a report on Wednesday, March 19th. Scotiabank boosted their price objective on shares of Orla Mining from C$7.75 to C$8.75 in a report on Wednesday, January 15th. Finally, Stifel Nicolaus set a C$15.50 target price on Orla Mining and gave the company a “buy” rating in a research note on Wednesday, March 19th.

Orla Mining Trading Down 4.6 %

Shares of TSE OLA opened at C$12.71 on Friday. The company has a market cap of C$2.88 billion, a PE ratio of 271.67 and a beta of 1.57. The firm’s 50 day moving average price is C$10.02 and its 200-day moving average price is C$7.85. Orla Mining has a 52-week low of C$4.60 and a 52-week 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.

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.