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

Orla Mining (TSE:OLA) had its price target increased by investment analysts at CIBC from C$7.50 to C$8.50 in a report issued on Monday,BayStreet.CA reports. CIBC’s target price points to a potential upside of 27.63% from the stock’s current price.

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

Orla Mining Trading Down 1.8 %

OLA traded down C$0.12 during trading on Monday, reaching C$6.66. 77,630 shares of the company’s stock were exchanged, compared to its average volume of 446,294. The firm has a fifty day moving average price of C$6.22 and a two-hundred day moving average price of C$5.72. The company has a current ratio of 5.89, a quick ratio of 1.22 and a debt-to-equity ratio of 17.76. Orla Mining has a one year low of C$3.53 and a one year high of C$7.16. The stock has a market capitalization of C$2.13 billion, a PE ratio of -133.20 and a beta of 1.57.

Insider Transactions at Orla Mining

In related news, Director Jean Robitaille sold 46,600 shares of the firm’s stock in a transaction 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. Also, Senior Officer Andrew James Bradbury sold 12,500 shares of the stock in a transaction 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. Company 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.