Orla Mining (TSE:OLA) Given New C$11.50 Price Target at CIBC

Orla Mining (TSE:OLA) had its price target upped by CIBC from C$11.00 to C$11.50 in a research note published on Wednesday,BayStreet.CA reports.

A number of other research firms also recently commented on OLA. Stifel Nicolaus boosted their price objective on shares of Orla Mining from C$8.00 to C$9.75 in a report on Monday, December 2nd. Desjardins boosted their price objective on shares of Orla Mining from C$10.00 to C$12.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. TD Securities raised shares of Orla Mining to a “hold” rating in a report on Tuesday, February 4th. Finally, 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.

Orla Mining Trading Up 4.8 %

TSE OLA opened at C$10.49 on Wednesday. The firm has a market cap of C$2.38 billion, a PE ratio of 224.22 and a beta of 1.57. The firm’s fifty day moving average is C$8.89 and its two-hundred day moving average is C$7.15. 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 one year low of C$4.30 and a one year high of C$10.92.

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.