Orla Mining (TSE:OLA) Upgraded at Stifel Canada

Orla Mining (TSE:OLA) was upgraded by Stifel Canada to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other equities research analysts have also issued reports on OLA. Scotiabank raised their price target on shares of Orla Mining from C$7.75 to C$8.75 in a research note on Wednesday, January 15th. TD Securities upgraded shares of Orla Mining to a “hold” rating in a research note on Tuesday, February 4th. CIBC raised their price target on shares of Orla Mining from C$11.50 to C$13.75 and gave the stock an “outperform” rating in a research note on Wednesday. Cormark raised their price target on shares of Orla Mining from C$10.00 to C$12.00 in a research note on Thursday. Finally, BMO Capital Markets raised their price target on shares of Orla Mining from C$12.50 to C$14.50 in a research note on Thursday. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Orla Mining currently has a consensus rating of “Buy” and an average price target of C$11.86.

Orla Mining Stock Up 3.6 %

Orla Mining stock opened at C$13.32 on Wednesday. The firm has a 50 day moving average price of C$9.93 and a 200-day moving average price of C$7.78. 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 has a twelve month low of C$4.60 and a twelve month high of C$13.76. The company has a market capitalization of C$3.02 billion, a P/E ratio of 284.71 and a beta of 1.57.

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.