Stifel Nicolaus Forecasts Strong Price Appreciation for Orla Mining (TSE:OLA) Stock

Orla Mining (TSE:OLA - Get Free Report) had its price target increased by equities research analysts at Stifel Nicolaus from C$15.50 to C$19.00 in a report issued on Monday,BayStreet.CA reports. Stifel Nicolaus' price objective would suggest a potential upside of 26.67% from the company's current price.

A number of other research firms have also recently commented on OLA. Desjardins upped their price target on Orla Mining from C$12.00 to C$13.00 and gave the stock a "buy" rating in a research note on Wednesday, March 19th. CIBC increased their target price on Orla Mining from C$16.25 to C$18.50 in a research note on Thursday, April 17th. Stifel Canada raised Orla Mining to a "strong-buy" rating in a research report on Wednesday, March 19th. Cormark increased their price target on shares of Orla Mining from C$10.00 to C$12.00 in a research report on Thursday, March 20th. Finally, TD Securities upgraded shares of Orla Mining to a "hold" rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of C$13.28.

Orla Mining Trading Down 0.1 %

OLA stock traded down C$0.02 during midday trading on Monday, hitting C$15.00. 81,350 shares of the company's stock were exchanged, compared to its average volume of 628,213. Orla Mining has a 1-year low of C$4.60 and a 1-year high of C$16.53. The company has a current ratio of 4.54, a quick ratio of 1.22 and a debt-to-equity ratio of 12.68. The stock has a market capitalization of C$3.40 billion, a PE ratio of 320.61 and a beta of 1.57. The business has a 50-day simple moving average of C$12.52 and a two-hundred day simple moving average of C$9.29.

Insider Buying and Selling

In other Orla Mining news, Director Jean Robitaille sold 200,000 shares of Orla Mining stock in a transaction that occurred 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. 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 sold 385,399 shares of company stock worth $5,067,805 over the last 90 days. 51.68% of the stock is owned by insiders.

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.