CIBC Boosts Orla Mining (TSE:OLA) Price Target to C$25.00

Key Points

• CIBC has raised its price target for Orla Mining from C$22.00 to C$25.00, indicating a potential upside of 62.97% from the company's previous close.
• In contrast, Stifel Nicolaus has lowered their price objective for Orla Mining from C$19.00 to C$18.50, while maintaining a "buy" rating for the stock.
• Orla Mining currently has an average rating of "Buy" with an average target price of C$15.68, as reported by MarketBeat.com.

Orla Mining (TSE:OLA - Get Free Report) had its target price hoisted by stock analysts at CIBC from C$22.00 to C$25.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. CIBC's price target would indicate a potential upside of 62.97% from the company's previous close.

Separately, Stifel Nicolaus decreased their price objective on shares of Orla Mining from C$19.00 to C$18.50 and set a "buy" rating on the stock in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Orla Mining currently has an average rating of "Buy" and an average target price of C$15.68.

Orla Mining Stock Performance

Shares of Orla Mining stock traded up C$0.16 on Friday, hitting C$15.34. 675,636 shares of the company's stock were exchanged, compared to its average volume of 838,426. The company has a 50-day simple moving average of C$14.82 and a 200-day simple moving average of C$14.52. The stock has a market capitalization of C$5.00 billion, a PE ratio of 219.14 and a beta of 0.02. Orla Mining has a 1 year low of C$5.36 and a 1 year high of C$17.78. The company has a debt-to-equity ratio of 12.68, a quick ratio of 1.22 and a current ratio of 4.54.

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.

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