Orla Mining (TSE:OLA – Get Free Report) was upgraded by investment analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a C$7.75 target price on the stock, up from their previous target price of C$6.00. Scotiabank’s target price points to a potential upside of 14.64% from the stock’s current price.
Other research analysts also recently issued reports about the company. Stifel Nicolaus raised their price target on Orla Mining from C$6.50 to C$8.00 in a research note on Monday, October 21st. Desjardins raised shares of Orla Mining to a “moderate buy” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Orla Mining presently has an average rating of “Moderate Buy” and a consensus target price of C$7.04.
Check Out Our Latest Report on OLA
Orla Mining Stock Up 2.7 %
Insider Transactions at Orla Mining
In other news, Senior Officer Andrew James Bradbury sold 12,500 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were 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 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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