Orla Mining (TSE:OLA) Given New C$13.00 Price Target at Desjardins

Orla Mining (TSE:OLA) had its target price boosted by equities researchers at Desjardins from C$12.00 to C$13.00 in a report issued on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective would indicate a potential downside of 2.40% from the company’s current price.

OLA has been the subject of a number of other research reports. Scotiabank lifted their price target on Orla Mining from C$7.75 to C$8.75 in a research note on Wednesday, January 15th. CIBC lifted their price target on Orla Mining from C$11.00 to C$11.50 in a research note on Wednesday, February 26th. Stifel Nicolaus lifted their price target on Orla Mining from C$8.00 to C$9.75 in a research note on Monday, December 2nd. BMO Capital Markets lifted their price target on Orla Mining from C$8.00 to C$12.50 in a research note on Tuesday, March 4th. Finally, TD Securities upgraded Orla Mining to a “hold” rating in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$11.86.

Orla Mining Price Performance

OLA stock opened at C$13.32 on Wednesday. The company has a market capitalization of C$3.02 billion, a P/E ratio of 284.71 and a beta of 1.57. 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 has a 52-week low of C$4.60 and a 52-week high of C$13.76. The business has a 50-day simple moving average of C$9.93 and a two-hundred day simple moving average of C$7.78.

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.