Orla Mining Ltd. (OLA.TO) – What Are Researchers Thinking About This Stock?

Orla Mining Ltd. (TSE:OLA) has been given an average rating of “Buy” by the four ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$28.39.

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

Orla Mining Price Performance

Orla Mining has a fifty-two week low of C$11.81 and a fifty-two week 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. The stock has a market cap of C$5.05 billion, a P/E ratio of 18.69 and a beta of 1.30. The business’s 50-day moving average price is C$13.46 and its two-hundred day moving average price is C$15.72.

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.