Orla Mining Price Target Increased to C$12.00

Orla Mining (TSE:OLA – Free Report) has seen its price target updated by Desjardins, now set at C$12.00, an increase from the previous C$10.00. This adjustment was reported in a research note shared with investors on Thursday morning, emphasizing the buy rating that Desjardins has assigned to the stock.

In addition to Desjardins, several other analysts have offered their insights on Orla Mining. For instance, TD Securities moved their rating for Orla Mining to a "hold" as reflected in their report published on February 4th. CIBC raised their price target for Orla Mining as well, increasing it from C$8.50 to C$9.25, noted in their report from December 17th. Similarly, Scotiabank adjusted their target from C$7.75 to C$8.75 on January 15th of this year, while Stifel Nicolaus raised their price objective from C$8.00 to C$9.75 in a research note released on December 2nd.

Current Stock Performance Overview

On Thursday, Orla Mining's stock opened at C$9.89. The company presents a debt-to-equity ratio of 12.68, with a current ratio of 4.54 and a quick ratio of 1.22. Its fifty-day simple moving average stands at C$8.53, while the two-hundred day moving average is C$6.83. Over the past year, Orla Mining has faced a low of C$4.30 and a high of C$10.92. Currently, the market capitalization is C$2.24 billion, with a P/E ratio of 211.39 and a beta value of 1.57.

Recent Financial Results

Orla Mining released its latest quarterly earnings results on November 12th. The company reported earnings per share (EPS) of C$0.08, which was lower than the analysts' consensus estimate of C$0.13, resulting in a miss of C$0.05. Their return on equity stands at 2.24%, and the net margin is reported at 3.15%. For the same period last year, Orla Mining reported EPS of only C$0.03. Analysts' expectations indicate that Orla Mining is projected to achieve approximately 0.34 EPS for the current fiscal year.

About Orla Mining

Orla Mining Ltd is a mineral exploration firm primarily involved in acquiring and exploring mineral properties. The company oversees two gold projects: the Camino Rojo gold and silver project located in Zacatecas State, Mexico, and the Cerro Quema gold project in Panama. Their operations extend across Mexico, Panama, the United States, and Canada.

Orla, Mining, Stock