Royal Bank Of Canada Issues Positive Forecast for Orla Mining (TSE:OLA) Stock Price

Orla Mining (TSE:OLA) had its price objective boosted by Royal Bank Of Canada from C$23.00 to C$26.00 in a research report released on Monday,BayStreet.CA reports.

OLA has been the subject of several other research reports. Stifel Nicolaus lowered their target price on shares of Orla Mining from C$19.00 to C$18.50 and set a “buy” rating for the company in a report on Wednesday, August 6th. CIBC raised their target price on shares of Orla Mining from C$22.00 to C$25.00 in a report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$17.11.

Orla Mining Price Performance

OLA stock opened at C$17.40 on Monday. Orla Mining has a 52 week low of C$5.36 and a 52 week high of C$19.50. The company has a quick ratio of 1.22, a current ratio of 4.54 and a debt-to-equity ratio of 12.68. The company has a fifty day simple moving average of C$15.33 and a two-hundred day simple moving average of C$14.75. The firm has a market capitalization of C$5.67 billion, a P/E ratio of 248.57 and a beta of 0.02.

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.