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

Desjardins set a C$35.00 price objective on Orla Mining (TSE:OLA) in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts have also recently commented on OLA. Stifel Nicolaus raised their target price on shares of Orla Mining from C$28.00 to C$35.00 in a research report on Tuesday, February 10th. National Bank Financial raised their target price on shares of Orla Mining from C$27.00 to C$29.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. Canadian Imperial Bank of Commerce raised their target price on shares of Orla Mining from C$27.00 to C$32.00 in a research report on Wednesday, February 4th. ATB Cormark Capital Markets raised shares of Orla Mining from a “hold” rating to a “moderate buy” rating and raised their target price for the stock from C$25.00 to C$35.00 in a research report on Monday, February 23rd. Finally, BMO Capital Markets raised their target price on shares of Orla Mining from C$22.00 to C$30.00 in a research report on Monday, January 26th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$31.06.

Orla Mining Trading Down 3.4%

Shares of OLA opened at C$19.57 on Thursday. The stock has a market capitalization of C$6.65 billion, a P/E ratio of 65.23 and a beta of 1.40. The company has a quick ratio of 1.22, a current ratio of 1.08 and a debt-to-equity ratio of 55.82. The firm has a fifty day simple moving average of C$23.40 and a two-hundred day simple moving average of C$20.28. Orla Mining has a twelve month low of C$11.86 and a twelve month high of C$29.99.

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

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.