Orla Mining (TSE:OLA) Price Target Raised to C$8.75

Orla Mining (TSE:OLA) had its price objective lifted by investment analysts at Scotiabank from C$7.75 to C$8.75 in a note issued to investors on Wednesday,BayStreet.CA reports. Scotiabank’s target price indicates a potential upside of 5.29% from the company’s previous close. Scotiabank also issued estimates for Orla Mining’s FY2025 earnings at $0.53 EPS and FY2026 earnings at $0.73 EPS.

OLA has been the topic of several other reports. Stifel Nicolaus raised their target price on Orla Mining from C$8.00 to C$9.75 in a research report on Monday, December 2nd. Desjardins raised Orla Mining to a “moderate buy” rating in a report on Thursday, October 31st. Finally, CIBC increased their price objective on shares of Orla Mining from C$8.50 to C$9.25 in a report on Tuesday, December 17th.

Orla Mining Stock Performance

Shares of TSE OLA traded up C$0.16 during midday trading on Wednesday, hitting C$8.31. The company’s stock had a trading volume of 227,543 shares, compared to its average volume of 502,561. The company has a debt-to-equity ratio of 17.76, a quick ratio of 1.22 and a current ratio of 5.89. Orla Mining has a 1-year low of C$4.07 and a 1-year high of C$8.67. The firm’s fifty day moving average price is C$7.29 and its 200-day moving average price is C$6.24. The firm has a market cap of C$2.66 billion, a P/E ratio of -166.20 and a beta of 1.57.

About Orla Mining

Orla Mining Ltd. acquires, explores, develops, and exploits mineral properties. The company explores for gold, silver, zinc, lead, and copper deposits. It owns 100% interests in the Camino Rojo project that consists of seven concessions covering an area of 138,636 hectares located in Zacatecas, Mexico; Cerro Quema project totaling an area of 15,000 hectares located in the Azuero Peninsula, Panama; and the South Railroad project consisting of an area of 21,000 hectares located in Elko, Nevada.