Orla Mining (TSE:OLA) PT Set at C$35.00 by Desjardins

Orla Mining (TSE:OLA) received a C$35.00 price target from research analysts at Desjardins in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective indicates a potential upside of 75.44% from the stock’s current price.

Several other analysts have also recently weighed in on OLA. National Bank Financial raised their price target on Orla Mining from C$27.00 to C$29.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. BMO Capital Markets raised their price target on Orla Mining from C$22.00 to C$30.00 in a report on Monday, January 26th. Stifel Nicolaus raised their price target on Orla Mining from C$28.00 to C$35.00 in a report on Tuesday, February 10th. TD Securities lowered their price target on Orla Mining from C$28.00 to C$25.00 in a report on Thursday, January 22nd. Finally, Canadian Imperial Bank of Commerce raised their price target on Orla Mining from C$27.00 to C$32.00 in a report on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$31.06.

Orla Mining Stock Performance

TSE:OLA opened at C$19.95 on Thursday. The business’s 50-day moving average price is C$23.32 and its two-hundred day moving average price is C$20.30. Orla Mining has a twelve month low of C$11.86 and a twelve month high of C$29.99. The stock has a market cap of C$6.78 billion, a P/E ratio of 66.50 and a beta of 1.40. The company has a quick ratio of 1.22, a current ratio of 1.08 and a debt-to-equity ratio of 55.82.

Orla Mining (TSE:OLA) last released its quarterly earnings results on Thursday, March 19th. The company reported C$0.58 earnings per share for the quarter. Orla Mining had a return on equity of 22.94% and a net margin of 11.44%.The firm had revenue of C$506.00 million for the quarter. As a group, equities analysts predict that Orla Mining will post 0.3352878 EPS for the current fiscal year.

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.