Orla Mining (TSE:OLA – Free 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 %
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
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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