Orla Mining (TSE:OLA) Price Target Raised to C$12.00 at Desjardins

Orla Mining (TSE:OLA) had its price objective boosted by Desjardins from C$10.00 to C$12.00 in a report issued on Thursday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Several other research analysts also recently commented on OLA. Stifel Nicolaus lifted their price objective on Orla Mining from C$8.00 to C$9.75 in a report on Monday, December 2nd. CIBC lifted their price objective on Orla Mining from C$8.50 to C$9.25 in a report on Tuesday, December 17th. Scotiabank lifted their price objective on Orla Mining from C$7.75 to C$8.75 in a report on Wednesday, January 15th. Finally, TD Securities upgraded Orla Mining to a “hold” rating in a report on Tuesday, February 4th.

Orla Mining Trading Down 1.9 %

TSE OLA opened at C$9.89 on Thursday. The stock’s 50-day simple moving average is C$8.53 and its two-hundred day simple moving average is C$6.83. Orla Mining has a twelve month low of C$4.30 and a twelve month high of C$10.92. 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 company has a market capitalization of C$2.24 billion, a price-to-earnings ratio of 211.39 and a beta of 1.57.

Orla Mining (TSE:OLA) last released its quarterly earnings results on Tuesday, November 12th. The company reported C$0.08 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.05). Orla Mining had a net margin of 3.15% and a return on equity of 2.24%. During the same period in the previous year, the company posted $0.03 EPS. Research analysts forecast that Orla Mining will post 0.3352878 EPS for the current fiscal year.

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.