Orla Mining Ltd. (TSE:OLA) Stock Rated “Buy” by Wall Street Brokerages

Orla Mining Ltd. (TSE:OLA) has received an average rating of “Buy” from the four ratings firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$28.39.

Several equities analysts have weighed in on OLA shares. Canadian Imperial Bank of Commerce cut Orla Mining from an “outperformer” rating to a “tender” rating and dropped their price objective for the company from C$32.00 to C$27.00 in a report on Thursday, July 16th. Royal Bank Of Canada reduced their target price on Orla Mining from C$28.00 to C$19.00 in a report on Thursday, July 9th. Finally, Desjardins decreased 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 Stock Performance

Shares of TSE:OLA opened at C$13.46 on Wednesday. The company’s 50 day moving average price is C$13.32 and its two-hundred day moving average price is C$16.49. Orla Mining has a 12-month low of C$11.81 and a 12-month high of C$29.99. The firm has a market cap of C$5.05 billion, a PE ratio of 18.69 and a beta of 1.30. The company has a quick ratio of 1.22, a current ratio of 1.06 and a debt-to-equity ratio of 42.47.

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.