Orla Mining Ltd. (TSE:OLA) Stock Has Average Target Price of C$28.39

Orla Mining Ltd. (TSE:OLA) has been assigned an average recommendation of “Buy” from the four brokerages that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$28.39.

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada cut their price target on shares of Orla Mining from C$28.00 to C$19.00 in a research note on Thursday, July 9th. Canadian Imperial Bank of Commerce downgraded Orla Mining from an “outperformer” rating to a “tender” rating and dropped their target price for the company from C$32.00 to C$27.00 in a report on Thursday, July 16th. Finally, Desjardins reduced their price target on Orla Mining from C$30.00 to C$29.00 and set a “buy” rating on the stock in a research report on Monday, July 27th.

Orla Mining Price Performance

Orla Mining stock opened at C$13.46 on Wednesday. The company has a debt-to-equity ratio of 42.47, a quick ratio of 1.22 and a current ratio of 1.06. The firm has a market capitalization of C$5.05 billion, a price-to-earnings ratio of 18.69 and a beta of 1.30. Orla Mining has a fifty-two week low of C$11.81 and a fifty-two week high of C$29.99. The stock’s fifty day moving average is C$13.32 and its two-hundred day moving average is C$16.55.

Orla Mining Company Profile

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.