Orla Mining (TSE:OLA - Get Free Report) had its target price lifted by research analysts at CIBC from C$13.75 to C$16.25 in a report released on Wednesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. CIBC's price objective indicates a potential upside of 38.65% from the stock's previous close.
Other research analysts have also issued research reports about the stock. Stifel Canada raised shares of Orla Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. BMO Capital Markets lifted their price target on Orla Mining from C$12.50 to C$14.50 in a research note on Thursday, March 20th. Scotiabank upped their price objective on Orla Mining from C$7.75 to C$8.75 in a research report on Wednesday, January 15th. Cormark boosted their target price on Orla Mining from C$10.00 to C$12.00 in a research note on Thursday, March 20th. Finally, Desjardins lifted their price objective on shares of Orla Mining from C$12.00 to C$13.00 and gave the company a "buy" rating in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Orla Mining currently has a consensus rating of "Buy" and a consensus price target of C$12.56.
Read Our Latest Analysis on Orla Mining
Orla Mining Trading Down 0.3 %
Shares of Orla Mining stock traded down C$0.03 during trading hours on Wednesday, hitting C$11.72. The company's stock had a trading volume of 692,654 shares, compared to its average volume of 622,170. The company has a market capitalization of C$2.66 billion, a PE ratio of 250.51 and a beta of 1.57. The company has a debt-to-equity ratio of 12.68, a current ratio of 4.54 and a quick ratio of 1.22. The stock has a 50 day moving average of C$10.96 and a 200 day moving average of C$8.38. Orla Mining has a 12 month low of C$4.60 and a 12 month high of C$13.79.
Insider Transactions at Orla Mining
In related news, Senior Officer Etienne Morin sold 77,470 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of C$13.00, for a total value of C$1,007,110.00. Also, Director Charles A. Jeannes sold 15,023 shares of the company's stock in a transaction on Friday, March 21st. The shares were sold at an average price of C$12.86, for a total transaction of C$193,257.37. Insiders have sold 385,399 shares of company stock worth $5,067,805 in the last ninety days. Insiders own 51.68% of the company's stock.
About Orla Mining
(
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Orla Mining Ltd is a mineral exploration company. It is engaged in the acquisition and exploration of mineral properties. The company holds two gold projects; the Camino Rojo gold and silver project in Zacatecas State, Mexico, and the Cerro Quema gold project in Panama. It conducts business activities in the geographic areas of Mexico, Panama, the United States, and Canada.
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