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

Orla Mining (TSE:OLA) had its price objective increased by investment analysts at Stifel Nicolaus from C$8.00 to C$9.75 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Stifel Nicolaus’ price target would indicate a potential upside of 41.51% from the company’s current price.

Several other brokerages also recently commented on OLA. CIBC boosted their target price on shares of Orla Mining from C$7.50 to C$8.50 in a research note on Monday. Scotiabank upgraded Orla Mining from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$6.00 to C$7.75 in a research report on Wednesday, November 27th. Finally, Desjardins upgraded shares of Orla Mining to a “moderate buy” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Orla Mining presently has an average rating of “Moderate Buy” and an average price target of C$7.43.

Orla Mining Stock Up 2.1 %

Shares of 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. The company has a 50-day moving average price of C$6.27 and a two-hundred day moving average price of C$5.74. The stock has a market cap of C$2.20 billion, a price-to-earnings ratio of -137.80 and a beta of 1.57. Orla Mining has a 12 month low of C$3.53 and a 12 month high of C$7.16.

Insiders Place Their Bets

In other news, Senior Officer Andrew James Bradbury sold 12,500 shares of Orla Mining stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$5.90, for a total value of C$73,750.00. Also, Director Jean Robitaille sold 46,600 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$5.74, for a total transaction of C$267,549.24. Corporate 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.