Orla Mining Ltd. (OLA.TO) – What Are Brokerages Saying About This Stock?

Shares of Orla Mining Ltd. (TSE:OLA) have been given an average rating of “Buy” by the four ratings firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$28.39.

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

Orla Mining Stock Performance

The business’s fifty day simple moving average is C$13.46 and its 200-day simple moving average is C$15.40. The firm has a market cap of C$5.05 billion, a PE ratio of 18.69 and a beta of 1.30. Orla Mining has a 12-month low of C$11.81 and a 12-month high of C$29.99. The company has a quick ratio of 1.22, a current ratio of 1.06 and a debt-to-equity ratio of 42.47.

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.