Orla Mining (TSE:OLA) Price Target Raised to C$9.25

Orla Mining (TSE:OLAFree Report) had its target price upped by CIBC from C$8.50 to C$9.25 in a research note issued to investors on Tuesday,BayStreet.CA reports.

A number of other equities research analysts also recently weighed in on OLA. Stifel Nicolaus raised their price target on Orla Mining from C$8.00 to C$9.75 in a research note on Monday, December 2nd. Scotiabank upgraded shares of Orla Mining from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$6.00 to C$7.75 in a report on Wednesday, November 27th. Finally, Desjardins raised shares of Orla Mining to a “moderate buy” rating in a research report on Thursday, October 31st.

View Our Latest Stock Analysis on OLA

Orla Mining Stock Up 3.1 %

OLA stock opened at C$8.08 on Tuesday. The firm has a market cap of C$2.58 billion, a PE ratio of -161.60 and a beta of 1.57. 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 firm has a 50 day simple moving average of C$6.76 and a 200 day simple moving average of C$5.89. Orla Mining has a 12 month low of C$4.04 and a 12 month high of C$8.18.

Insider Buying and Selling

In related news, Director Jean Robitaille sold 46,600 shares of the company’s 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 transaction of C$267,549.24. 51.68% of the stock is owned by corporate insiders.

Orla Mining Company Profile

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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.

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