Orla Mining (TSE:OLA) Given New C$26.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada has raised its price target for Orla Mining from C$23.00 to C$26.00, indicating a potential upside of 49.68% from the current stock price.
• Other analysts have mixed views; while CIBC increased their target from C$22.00 to C$25.00, Stifel Nicolaus lowered theirs from C$19.00 to C$18.50, maintaining a "buy" rating.
• Orla Mining's stock is currently trading at C$17.37, with a 12-month price range between C$5.36 and C$19.50, and holds a market cap of C$5.66 billion.

Orla Mining (TSE:OLA - Get Free Report) had its price objective hoisted by research analysts at Royal Bank Of Canada from C$23.00 to C$26.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Royal Bank Of Canada's price objective points to a potential upside of 49.68% from the stock's current price.

Several other analysts also recently weighed in on the stock. Stifel Nicolaus lowered their target price on shares of Orla Mining from C$19.00 to C$18.50 and set a "buy" rating on the stock in a report on Wednesday, August 6th. CIBC lifted their target price on shares of Orla Mining from C$22.00 to C$25.00 in a report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of C$17.11.

Orla Mining Stock Performance

Orla Mining stock traded up C$0.42 during midday trading on Monday, hitting C$17.37. 807,720 shares of the company's stock were exchanged, compared to its average volume of 864,517. Orla Mining has a 12-month low of C$5.36 and a 12-month high of C$19.50. The company has a debt-to-equity ratio of 12.68, a quick ratio of 1.22 and a current ratio of 4.54. The stock has a market cap of C$5.66 billion, a price-to-earnings ratio of 248.14 and a beta of 0.02. The firm's 50 day simple moving average is C$15.26 and its 200 day simple moving average is C$14.71.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.