BMO Capital Markets Raises Orla Mining (TSE:OLA) Price Target to C$14.50

Orla Mining (TSE:OLA) had its target price raised by research analysts at BMO Capital Markets from C$12.50 to C$14.50 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 10.69% from the stock’s current price.

A number of other equities analysts have also weighed in on the stock. Stifel Nicolaus set a C$15.50 target price on shares of Orla Mining and gave the stock a “buy” rating in a research report on Wednesday. Scotiabank increased their price objective on shares of Orla Mining from C$7.75 to C$8.75 in a research report on Wednesday, January 15th. Cormark increased their target price on shares of Orla Mining from C$10.00 to C$12.00 in a research note on Thursday. CIBC raised their price target on shares of Orla Mining from C$11.50 to C$13.75 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, 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. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Orla Mining has an average rating of “Moderate Buy” and a consensus target price of C$11.86.

Orla Mining Price Performance

Shares of TSE:OLA traded up C$0.24 during midday trading on Thursday, reaching C$13.10. 409,843 shares of the company were exchanged, compared to its average volume of 590,488. The company has a current ratio of 4.54, a quick ratio of 1.22 and a debt-to-equity ratio of 12.68. The business’s fifty day moving average is C$9.84 and its two-hundred day moving average is C$7.74. Orla Mining has a one year low of C$4.60 and a one year high of C$13.76. The stock has a market cap of C$2.97 billion, a PE ratio of 280.00 and a beta of 1.57.

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.