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

Orla Mining (TSE:OLA) had its price objective increased by equities researchers at Stifel Nicolaus from C$8.00 to C$9.75 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Stifel Nicolaus’ price objective suggests a potential upside of 46.40% from the stock’s current price.

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

Orla Mining Stock Performance

Shares of TSE OLA traded down C$0.12 during trading hours on Monday, reaching C$6.66. 77,630 shares of the stock were exchanged, compared to its average volume of 446,294. The firm has a market capitalization of C$2.13 billion, a price-to-earnings ratio of -133.20 and a beta of 1.57. 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 52 week low of C$3.53 and a 52 week high of C$7.16. The stock’s fifty day simple moving average is C$6.22 and its 200 day simple moving average is C$5.72.

Insider Buying and Selling at Orla Mining

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

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.