Orla Mining (TSE:OLA) Stock Price Expected to Rise, CIBC Analyst Says

Orla Mining (TSE:OLA) had its price target increased by research analysts at CIBC from C$8.50 to C$9.25 in a research note issued on Tuesday,BayStreet.CA reports. CIBC’s price objective suggests a potential upside of 17.98% from the stock’s previous close.

A number of other equities analysts have also weighed in on OLA. Desjardins upgraded shares of Orla Mining to a “moderate buy” rating in a research report on Thursday, October 31st. Stifel Nicolaus lifted their target price on shares of Orla Mining from C$8.00 to C$9.75 in a report on Monday, December 2nd. Finally, Scotiabank raised shares of Orla Mining from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$6.00 to C$7.75 in a report on Wednesday, November 27th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$7.79.

Orla Mining Stock Down 0.4 %

Orla Mining stock opened at C$7.84 on Tuesday. The stock has a 50 day moving average of C$6.71 and a two-hundred day moving average of C$5.88. Orla Mining has a twelve month low of C$4.04 and a twelve month high of C$8.18. The stock has a market capitalization of C$2.51 billion, a price-to-earnings ratio of -156.80 and a beta of 1.57. The company has a current ratio of 5.89, a quick ratio of 1.22 and a debt-to-equity ratio of 17.76.

Insider Transactions at Orla Mining

In related news, Director Jean Robitaille sold 46,600 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$5.74, for a total value of C$267,549.24. Corporate 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.