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

Orla Mining (TSE:OLA) had its price target upped by CIBC from C$13.75 to C$16.25 in a research note released on Wednesday,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Several other equities research analysts have also commented on the company. Scotiabank upped their price target on Orla Mining from C$7.75 to C$8.75 in a research note on Wednesday, January 15th. Cormark increased their target price on shares of Orla Mining from C$10.00 to C$12.00 in a research report on Thursday, March 20th. BMO Capital Markets lifted their price target on shares of Orla Mining from C$12.50 to C$14.50 in a research report on Thursday, March 20th. Stifel Canada upgraded shares of Orla Mining to a “strong-buy” rating in a research note on Wednesday, March 19th. Finally, TD Securities raised shares of Orla Mining to a “hold” rating in a research note on Tuesday, February 4th. 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. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$12.56.

Orla Mining Stock Down 11.6 %

Shares of TSE OLA opened at C$11.75 on Wednesday. The stock has a market capitalization of C$2.66 billion, a PE ratio of 251.15 and a beta of 1.57. The company has a quick ratio of 1.22, a current ratio of 4.54 and a debt-to-equity ratio of 12.68. The firm has a fifty day moving average of C$10.96 and a 200-day moving average of C$8.34. Orla Mining has a 52-week low of C$4.60 and a 52-week high of C$13.79.

Insider Activity

In related news, Senior Officer Paul Schmidt sold 50,000 shares of the business’s stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of C$13.19, for a total value of C$659,660.00. Also, Director Jean Robitaille sold 200,000 shares of the stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of C$13.25, for a total value of C$2,650,000.00. Insiders have sold 385,399 shares of company stock worth $5,067,805 over the last 90 days. Company 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.