Orla Mining (TSE:OLA) Given New C$9.75 Price Target at Stifel Nicolaus

Orla Mining (TSE:OLA) had its price objective upped by Stifel Nicolaus from C$8.00 to C$9.75 in a research report released on Monday,BayStreet.CA reports.

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

Orla Mining Price Performance

Shares of TSE:OLA opened at C$6.75 on Monday. The company has a market cap of C$2.16 billion, a price-to-earnings ratio of -135.00 and a beta of 1.57. The business has a 50 day moving average price of C$6.22 and a 200 day moving average price of C$5.72. The company has a quick ratio of 1.22, a current ratio of 5.89 and a debt-to-equity ratio of 17.76. Orla Mining has a twelve month low of C$3.53 and a twelve month high of C$7.16.

Insider Transactions at Orla Mining

In other news, Director Jean Robitaille sold 46,600 shares of the business’s stock in a transaction 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. Also, Senior Officer Andrew James Bradbury sold 12,500 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$5.90, for a total transaction of C$73,750.00. 51.68% of the stock is owned by insiders.

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.