Orla Mining (TSE:OLA) Given a C$35.00 Price Target by Desjardins Analysts

Orla Mining (TSE:OLA) has been given a C$35.00 price objective by equities researchers at Desjardins in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price target indicates a potential upside of 77.22% from the stock’s previous close.

A number of other brokerages have also recently issued reports on OLA. Canadian Imperial Bank of Commerce upped their price objective on shares of Orla Mining from C$27.00 to C$32.00 in a report on Wednesday, February 4th. Stifel Nicolaus upped their price objective on shares of Orla Mining from C$28.00 to C$35.00 in a report on Tuesday, February 10th. BMO Capital Markets upped their price objective on shares of Orla Mining from C$22.00 to C$30.00 in a report on Monday, January 26th. National Bank Financial upped their price objective on shares of Orla Mining from C$27.00 to C$29.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. Finally, Scotiabank upped their price target on shares of Orla Mining from C$21.00 to C$26.50 in a report on Monday, January 26th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Orla Mining presently has an average rating of “Buy” and a consensus target price of C$31.06.

Orla Mining Stock Down 2.5%

TSE:OLA traded down C$0.50 during trading hours on Thursday, reaching C$19.75. The company’s stock had a trading volume of 503,967 shares, compared to its average volume of 1,068,402. The company has a market cap of C$6.71 billion, a price-to-earnings ratio of 65.83 and a beta of 1.40. Orla Mining has a one year low of C$11.86 and a one year high of C$29.99. The business’s 50-day moving average is C$23.45 and its 200-day moving average is C$20.28. The company has a debt-to-equity ratio of 55.82, a current ratio of 1.08 and a quick ratio of 1.22.

Orla Mining (TSE:OLA) last issued its quarterly earnings data on Thursday, March 19th. The company reported C$0.58 earnings per share (EPS) for the quarter. The firm had revenue of C$506.00 million during the quarter. Orla Mining had a net margin of 11.44% and a return on equity of 22.94%. Equities research analysts predict that Orla Mining will post 0.3352878 EPS for the current year.

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.