Orla Mining (TSE:OLA) Given New C$27.00 Price Target at CIBC

Orla Mining (TSE:OLA) had its price objective lifted by CIBC from C$25.00 to C$27.00 in a report published on Monday,BayStreet.CA reports.

Other equities research analysts have also issued reports about the stock. Stifel Nicolaus decreased their price target on shares of Orla Mining from C$19.00 to C$18.50 and set a “buy” rating on the stock in a report on Wednesday, August 6th. Royal Bank Of Canada lifted their price target on shares of Orla Mining from C$23.00 to C$26.00 in a report on Monday. One research 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’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$17.11.

Orla Mining Price Performance

Shares of TSE:OLA opened at C$17.40 on Monday. The firm has a 50 day moving average of C$15.33 and a 200-day moving average of C$14.75. The stock has a market capitalization of C$5.67 billion, a PE ratio of 248.57 and a beta of 0.02. The company has a current ratio of 4.54, a quick ratio of 1.22 and a debt-to-equity ratio of 12.68. Orla Mining has a 12 month low of C$5.36 and a 12 month high of C$19.50.

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.