Orla Mining (TSE:OLA) Stock Price Expected to Rise, CIBC Analyst Says

Orla Mining (TSE:OLA) had its price target boosted by investment analysts at CIBC from C$7.50 to C$8.50 in a research note issued on Monday,BayStreet.CA reports. CIBC’s price objective suggests a potential upside of 23.37% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Desjardins upgraded shares of Orla Mining to a “moderate buy” rating in a research report on Thursday, October 31st. Stifel Nicolaus raised their price target on Orla Mining from C$6.50 to C$8.00 in a report on Monday, October 21st. Finally, Scotiabank raised Orla Mining from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$6.00 to C$7.75 in a research note on Wednesday, November 27th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Orla Mining has an average rating of “Moderate Buy” and an average target price of C$7.43.

Orla Mining Trading Up 2.1 %

TSE:OLA opened at C$6.89 on Monday. The company has a quick ratio of 1.22, a current ratio of 5.89 and a debt-to-equity ratio of 17.76. Orla Mining has a 52-week low of C$3.53 and a 52-week high of C$7.16. The stock’s 50 day moving average price is C$6.27 and its 200 day moving average price is C$5.74. The company has a market capitalization of C$2.20 billion, a PE ratio of -137.80 and a beta of 1.57.

Insider Activity

In other news, Director Jean Robitaille sold 46,600 shares of the firm’s 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. Also, Senior Officer Andrew James Bradbury sold 12,500 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of C$5.90, for a total transaction of C$73,750.00. Insiders own 51.68% of the company’s stock.

Orla Mining Company Profile

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.