Orla Mining (TSE:OLA) Stock Price Expected to Rise, CIBC Analyst Says

Orla Mining (TSE:OLA) had its target price lifted by research analysts at CIBC from C$22.00 to C$25.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. CIBC’s price objective would indicate a potential upside of 62.13% from the stock’s current price.

Separately, Stifel Nicolaus dropped their target price on Orla Mining from C$19.00 to C$18.50 and set a “buy” rating on the stock in a research report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Orla Mining presently has a consensus rating of “Buy” and an average price target of C$15.68.

Orla Mining Trading Up 1.6%

OLA opened at C$15.42 on Friday. The company has a debt-to-equity ratio of 12.68, a current ratio of 4.54 and a quick ratio of 1.22. The business has a fifty day moving average price of C$14.87 and a 200 day moving average price of C$14.55. Orla Mining has a 12 month low of C$5.36 and a 12 month high of C$17.78. The stock has a market capitalization of C$5.02 billion, a price-to-earnings ratio of 220.29 and a beta of 0.02.

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.