Orla Mining (TSE:OLA) Stock Price Expected to Rise, Desjardins Analyst Says

Orla Mining (TSE:OLA) had its target price upped by equities researchers at Desjardins from C$10.00 to C$12.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target would suggest a potential upside of 21.70% from the company’s current price.

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

Orla Mining Price Performance

TSE:OLA traded up C$0.09 during trading hours on Thursday, reaching C$9.86. 463,695 shares of the company were exchanged, compared to its average volume of 484,829. The company has a current ratio of 4.54, a quick ratio of 1.22 and a debt-to-equity ratio of 12.68. The firm has a market cap of C$2.23 billion, a PE ratio of 210.75 and a beta of 1.57. Orla Mining has a twelve month low of C$4.30 and a twelve month high of C$10.92. The stock’s 50-day moving average is C$8.42 and its 200-day moving average is C$6.79.

Orla Mining (TSE:OLA) last released its quarterly earnings results on Tuesday, November 12th. The company reported C$0.08 earnings per share for the quarter, missing the consensus estimate 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 last year, the company posted $0.03 EPS. On average, sell-side analysts anticipate 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.