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

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

Several other equities analysts have also issued reports on the company. CIBC boosted their target price on Orla Mining from C$8.50 to C$9.25 in a research report on Tuesday, December 17th. Stifel Nicolaus raised their price objective on shares of Orla Mining from C$8.00 to C$9.75 in a report on Monday, December 2nd. Finally, Desjardins upgraded Orla Mining to a “moderate buy” rating in a report on Thursday, October 31st.

Orla Mining Trading Up 2.0 %

Shares of OLA stock traded up C$0.16 on Wednesday, reaching C$8.31. 227,543 shares of the stock were exchanged, compared to its average volume of 502,561. The stock has a market cap of C$2.66 billion, a PE ratio of -166.20 and a beta of 1.57. Orla Mining has a one year low of C$4.07 and a one year high of C$8.67. The company has a debt-to-equity ratio of 17.76, a current ratio of 5.89 and a quick ratio of 1.22. The stock has a 50 day moving average price of C$7.29 and a 200 day moving average price of C$6.24.

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.