Orla Mining (TSE:OLA) Price Target Raised to C$8.50 at CIBC

Orla Mining (TSE:OLA) had its price objective lifted by CIBC from C$7.50 to C$8.50 in a report released on Monday morning,BayStreet.CA reports.

A number of other equities research analysts also recently issued reports on OLA. Desjardins upgraded shares of Orla Mining to a “moderate buy” rating in a report on Thursday, October 31st. Stifel Nicolaus upped their price objective on Orla Mining from C$6.50 to C$8.00 in a report on Monday, October 21st. Finally, Scotiabank raised Orla Mining from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$6.00 to C$7.75 in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$7.43.

Orla Mining Stock Down 0.4 %

Shares of TSE:OLA opened at C$6.75 on Monday. The company has a current ratio of 5.89, a quick ratio of 1.22 and a debt-to-equity ratio of 17.76. The firm has a market cap of C$2.16 billion, a price-to-earnings ratio of -135.00 and a beta of 1.57. The stock’s 50-day moving average price is C$6.22 and its two-hundred day moving average price is C$5.72. Orla Mining has a 12-month low of C$3.53 and a 12-month high of C$7.16.

Insider Activity

In other Orla Mining news, Director Jean Robitaille sold 46,600 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was 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 Orla Mining 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. 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.