Stifel Nicolaus Boosts Orla Mining (TSE:OLA) Price Target to C$9.75

Orla Mining (TSE:OLA) had its price target hoisted by Stifel Nicolaus from C$8.00 to C$9.75 in a report released on Monday,BayStreet.CA reports. Stifel Nicolaus’ price objective points to a potential upside of 46.40% from the company’s current price.

A number of other equities research analysts also recently commented on the company. Scotiabank upgraded 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 report on Wednesday, November 27th. Desjardins raised Orla Mining to a “moderate buy” rating in a research note on Thursday, October 31st. Finally, CIBC boosted their target price on Orla Mining from C$7.50 to C$8.50 in a research note on Monday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Orla Mining has a consensus rating of “Moderate Buy” and a consensus price target of C$7.43.

Orla Mining Trading Down 1.8 %

TSE OLA traded down C$0.12 on Monday, reaching C$6.66. The company had a trading volume of 77,630 shares, compared to its average volume of 446,294. The stock’s 50 day moving average is C$6.22 and its 200-day moving average is C$5.72. The stock has a market cap of C$2.13 billion, a price-to-earnings ratio of -133.20 and a beta of 1.57. 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.

Insider Activity at Orla Mining

In related news, Director Jean Robitaille sold 46,600 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$5.74, for a total transaction of C$267,549.24. Also, Senior Officer Andrew James Bradbury sold 12,500 shares of the company’s 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. 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.