Orla Mining (TSE:OLA) Stock Price Expected to Rise, CIBC Analyst Says

Key Points

• Analysts at CIBC have raised their target price for Orla Mining from C$25.00 to C$27.00, indicating a potential upside of 55.44% from the current stock price.
• The company has received mixed ratings from analysts, with one Strong Buy, four Buy, and one Hold rating, leading to a consensus rating of "Buy".
• Orla Mining's stock has traded at prices ranging from a 1-year low of C$5.36 to a high of C$19.50, currently settling at C$17.37 following a gain in trading.

Orla Mining (TSE:OLA - Get Free Report) had its target price raised by analysts at CIBC from C$25.00 to C$27.00 in a research report issued on Monday,BayStreet.CA reports. CIBC's target price indicates a potential upside of 55.44% from the company's current price.

OLA has been the topic of a number of other research reports. Royal Bank Of Canada raised their price objective on Orla Mining from C$23.00 to C$26.00 in a report on Monday. Stifel Nicolaus reduced 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 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 assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of C$17.11.

Orla Mining Price Performance

Orla Mining stock traded up C$0.42 during trading on Monday, reaching C$17.37. The company had a trading volume of 807,720 shares, compared to its average volume of 864,517. 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 has a 1-year low of C$5.36 and a 1-year high of C$19.50. The firm has a market capitalization of C$5.66 billion, a PE ratio of 248.14 and a beta of 0.02. The company has a debt-to-equity ratio of 12.68, a quick ratio of 1.22 and a current ratio of 4.54.

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.

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