Orla Mining (TSE:OLA) Sets New 12-Month High on Analyst Upgrade

Shares of Orla Mining Ltd. (TSE:OLA - Get Free Report) reached a new 52-week high during trading on Tuesday after Stifel Nicolaus raised their price target on the stock from C$15.50 to C$19.00. The company traded as high as C$16.53 and last traded at C$15.94, with a volume of 504486 shares changing hands. The stock had previously closed at C$15.61.

Several other brokerages also recently commented on OLA. BMO Capital Markets upped their price target on shares of Orla Mining from C$12.50 to C$14.50 in a research report on Thursday, March 20th. CIBC increased their target price on Orla Mining from C$16.25 to C$18.50 in a report on Thursday, April 17th. Scotiabank lifted their price target on Orla Mining from C$7.75 to C$8.75 in a report on Wednesday, January 15th. Desjardins upped their price target on Orla Mining from C$12.00 to C$13.00 and gave the company a "buy" rating in a research report on Wednesday, March 19th. Finally, Cormark raised their price objective on Orla Mining from C$10.00 to C$12.00 in a research report on Thursday, March 20th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Orla Mining presently has an average rating of "Buy" and an average price target of C$13.28.

Insider Buying and Selling at Orla Mining

In other Orla Mining news, Director Charles A. Jeannes sold 15,023 shares of the business's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of C$12.86, for a total value of C$193,257.37. Also, Director Jean Robitaille sold 200,000 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of C$13.25, for a total transaction of C$2,650,000.00. Insiders have sold 385,399 shares of company stock worth $5,067,805 over the last 90 days. 51.68% of the stock is currently owned by corporate insiders.

Orla Mining Stock Down 1.3 %

The company has a market cap of C$3.36 billion, a price-to-earnings ratio of 316.77 and a beta of 1.57. The business has a 50-day simple moving average of C$12.61 and a two-hundred day simple moving average of C$9.38. The company has a quick ratio of 1.22, a current ratio of 4.54 and a debt-to-equity ratio of 12.68.

About Orla Mining

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.