Orla Mining (TSE:OLA) Given New C$9.25 Price Target at CIBC

Orla Mining (TSE:OLA) had its price objective upped by CIBC from C$8.50 to C$9.25 in a report issued on Tuesday,BayStreet.CA reports.

A number of other brokerages have also commented on OLA. Desjardins raised Orla Mining to a “moderate buy” rating in a research report on Thursday, October 31st. Stifel Nicolaus boosted their price target on shares of Orla Mining from C$8.00 to C$9.75 in a research note on Monday, December 2nd. Finally, Scotiabank raised shares of Orla Mining from a “sector perform” rating to an “outperform” rating and boosted 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 three have given a buy rating to the company. According to MarketBeat, Orla Mining presently has an average rating of “Moderate Buy” and an average target price of C$7.79.

Orla Mining Stock Performance

TSE:OLA opened at C$7.87 on Tuesday. The company has a debt-to-equity ratio of 17.76, a quick ratio of 1.22 and a current ratio of 5.89. Orla Mining has a fifty-two week low of C$3.96 and a fifty-two week high of C$8.18. The company has a 50 day simple moving average of C$6.67 and a two-hundred day simple moving average of C$5.87. The company has a market capitalization of C$2.52 billion, a PE ratio of -157.40 and a beta of 1.57.

Insider Activity

In other Orla Mining news, Director Jean Robitaille sold 46,600 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$5.74, for a total value of C$267,549.24. Insiders own 51.68% of the company’s stock.

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.