Orla Mining (TSE:OLA) Price Target Raised to C$13.75 at CIBC

Orla Mining (TSE:OLA) had its price target hoisted by analysts at CIBC from C$11.50 to C$13.75 in a report issued on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s target price suggests a potential upside of 7.09% from the stock’s current price.

OLA has been the subject of a number of other research reports. Desjardins increased their price target on Orla Mining from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research note on Wednesday. TD Securities upgraded Orla Mining to a “hold” rating in a research note on Tuesday, February 4th. BMO Capital Markets increased their price target on Orla Mining from C$8.00 to C$12.50 in a research note on Tuesday, March 4th. Scotiabank increased their price target on Orla Mining from C$7.75 to C$8.75 in a research note on Wednesday, January 15th. Finally, Stifel Nicolaus set a C$15.50 price target on Orla Mining and gave the stock a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$11.50.

Orla Mining Stock Performance

Shares of TSE:OLA traded down C$0.20 during midday trading on Wednesday, hitting C$12.84. The company had a trading volume of 677,518 shares, compared to its average volume of 584,863. 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 company has a market cap of C$2.91 billion, a price-to-earnings ratio of 274.45 and a beta of 1.57. Orla Mining has a 12-month low of C$4.60 and a 12-month high of C$13.76. The company has a fifty day moving average of C$9.75 and a two-hundred day moving average of C$7.69.

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.