Desjardins Issues Positive Forecast for Orla Mining (TSE:OLA) Stock Price

Orla Mining (TSE:OLA) had its target price increased by Desjardins from C$10.00 to C$12.00 in a research note published on Thursday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other research analysts have also recently issued reports about the stock. CIBC boosted their price target on shares of Orla Mining from C$8.50 to C$9.25 in a report on Tuesday, December 17th. TD Securities raised shares of Orla Mining to a “hold” rating in a research report on Tuesday, February 4th. Scotiabank upped their target price on Orla Mining from C$7.75 to C$8.75 in a report on Wednesday, January 15th. Finally, Stifel Nicolaus lifted their price target on Orla Mining from C$8.00 to C$9.75 in a report on Monday, December 2nd.

Orla Mining Stock Up 3.2 %

Shares of TSE:OLA opened at C$10.08 on Thursday. The business’s 50 day moving average is C$8.42 and its 200 day moving average is C$6.79. Orla Mining has a 12-month low of C$4.30 and a 12-month high of C$10.92. The stock has a market cap of C$2.28 billion, a price-to-earnings ratio of 215.45 and a beta of 1.57. The company has a quick ratio of 1.22, a current ratio of 4.54 and a debt-to-equity ratio of 12.68.

Orla Mining (TSE:OLA) last posted its quarterly earnings data on Tuesday, November 12th. The company reported C$0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.05). Orla Mining had a return on equity of 2.24% and a net margin of 3.15%. During the same quarter in the previous year, the company earned $0.03 EPS. On average, sell-side analysts forecast that Orla Mining will post 0.3352878 earnings per share 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.