Orla Mining (TSE:OLA) Price Target Raised to C$15.00 at Royal Bank of Canada

Orla Mining (TSE:OLA - Free Report) had its price target raised by Royal Bank of Canada from C$13.00 to C$15.00 in a research note published on Friday,BayStreet.CA reports.

Other research analysts have also issued reports about the stock. Stifel Nicolaus set a C$15.50 price objective on shares of Orla Mining and gave the company a "buy" rating in a research note on Wednesday, March 19th. Scotiabank lifted their price target on Orla Mining from C$7.75 to C$8.75 in a research report on Wednesday, January 15th. CIBC increased their price objective on Orla Mining from C$13.75 to C$16.25 and gave the stock an "outperform" rating in a report on Wednesday, April 2nd. TD Securities upgraded Orla Mining to a "hold" rating in a research note on Tuesday, February 4th. Finally, BMO Capital Markets upped their price target on Orla Mining from C$12.50 to C$14.50 in a research report on Thursday, March 20th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of C$12.56.

Orla Mining Stock Performance

Shares of OLA traded up C$1.27 during trading hours on Friday, hitting C$13.11. The company's stock had a trading volume of 821,066 shares, compared to its average volume of 626,936. The business has a 50 day simple moving average of C$11.16 and a two-hundred day simple moving average of C$8.51. Orla Mining has a 52-week low of C$4.60 and a 52-week high of C$13.79. 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 company has a market cap of C$2.97 billion, a price-to-earnings ratio of 280.22 and a beta of 1.57.

Insider Buying and Selling at Orla Mining

In related news, Director Charles A. Jeannes sold 15,023 shares of the firm's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of C$12.86, for a total transaction of C$193,257.37. Also, Senior Officer Paul Schmidt sold 50,000 shares of the company's stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of C$13.19, for a total value of C$659,660.00. Insiders have sold a total of 385,399 shares of company stock valued at $5,067,805 in the last 90 days. Corporate insiders own 51.68% of the company's stock.

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.