CIBC Increases Orla Mining (TSE:OLA) Price Target to C$9.25

Orla Mining (TSE:OLA - Get Free Report) had its price objective increased by investment analysts at CIBC from C$8.50 to C$9.25 in a report issued on Tuesday,BayStreet.CA reports. CIBC's price objective would suggest a potential upside of 17.53% from the stock's previous close.

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

Orla Mining Stock Up 2.1 %

Shares of OLA traded up C$0.16 during midday trading on Tuesday, reaching C$7.87. 233,192 shares of the stock were exchanged, compared to its average volume of 450,341. The company has a market cap of C$2.52 billion, a price-to-earnings ratio of -157.40 and a beta of 1.57. The firm has a 50 day simple moving average of C$6.67 and a 200-day simple moving average of C$5.87. Orla Mining has a 12-month low of C$3.96 and a 12-month high of C$8.18. The company has a quick ratio of 1.22, a current ratio of 5.89 and a debt-to-equity ratio of 17.76.

Insider Buying and Selling

In other Orla Mining news, Director Jean Robitaille sold 46,600 shares of Orla Mining stock in a transaction 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. 51.68% of the stock is owned by corporate insiders.

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.