Royal Bank Of Canada Issues Positive Forecast for Orla Mining (TSE:OLA) Stock Price

Orla Mining (TSE:OLA) had its price objective hoisted by equities researchers at Royal Bank Of Canada from C$26.00 to C$32.00 in a report released on Wednesday,BayStreet.CA reports. Royal Bank Of Canada’s target price points to a potential upside of 84.86% from the company’s previous close.

Separately, CIBC boosted their target price on Orla Mining from C$25.00 to C$27.00 in a report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Orla Mining presently has an average rating of “Buy” and a consensus price target of C$17.96.

Orla Mining Stock Performance

Shares of OLA traded up C$0.26 during trading hours on Wednesday, reaching C$17.31. 892,506 shares of the company’s stock traded hands, compared to its average volume of 911,820. The firm has a market capitalization of C$5.88 billion, a price-to-earnings ratio of 108.19 and a beta of 0.14. The company has a debt-to-equity ratio of 12.68, a current ratio of 4.54 and a quick ratio of 1.22. Orla Mining has a twelve month low of C$7.59 and a twelve month high of C$19.96. The business’s fifty day simple moving average is C$16.34 and its two-hundred day simple moving average is C$15.30.

Orla Mining (TSE:OLA) last announced its earnings results on Tuesday, November 11th. The company reported C$0.22 earnings per share (EPS) for the quarter. The firm had revenue of C$382.88 million during the quarter. Orla Mining had a net margin of 3.15% and a return on equity of 2.24%. Analysts predict that Orla Mining will post 0.3352878 earnings per share for the current year.

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.