Orla Mining (TSE:OLA) Price Target Raised to C$9.75

Orla Mining (TSE:OLA) had its target price hoisted by Stifel Nicolaus from C$8.00 to C$9.75 in a research note issued to investors on Monday,BayStreet.CA reports.

Other analysts have also recently issued reports about the company. Scotiabank upgraded Orla Mining from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$6.00 to C$7.75 in a research note on Wednesday, November 27th. Desjardins upgraded Orla Mining to a “moderate buy” rating in a research report on Thursday, October 31st. Finally, CIBC lifted their target price on Orla Mining from C$7.50 to C$8.50 in a research report on Monday. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Orla Mining has an average rating of “Moderate Buy” and an average price target of C$7.43.

Orla Mining Trading Up 1.3 %

TSE:OLA opened at C$6.98 on Monday. Orla Mining has a 12-month low of C$3.53 and a 12-month high of C$7.16. The company has a current ratio of 5.89, a quick ratio of 1.22 and a debt-to-equity ratio of 17.76. The firm has a market cap of C$2.23 billion, a PE ratio of -139.60 and a beta of 1.57. The stock has a fifty day moving average price of C$6.29 and a 200 day moving average price of C$5.74.

Insider Buying and Selling

In other Orla Mining news, Senior Officer Andrew James Bradbury sold 12,500 shares of Orla Mining stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$5.90, for a total value of C$73,750.00. Also, Director Jean Robitaille sold 46,600 shares of Orla Mining stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$5.74, for a total value of C$267,549.24. Corporate insiders own 51.68% of the company’s stock.

Orla Mining Company Profile

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.