Orla Mining (TSE:OLA) Price Target Raised to C$16.25

Orla Mining (TSE:OLA) had its price objective upped by CIBC from C$13.75 to C$16.25 in a report published on Wednesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other equities research analysts have also recently weighed in on OLA. BMO Capital Markets upped their price target on Orla Mining from C$12.50 to C$14.50 in a report on Thursday, March 20th. Cormark upped their target price on Orla Mining from C$10.00 to C$12.00 in a report on Thursday, March 20th. Scotiabank raised their price target on Orla Mining from C$7.75 to C$8.75 in a research report on Wednesday, January 15th. Stifel Nicolaus set a C$15.50 price objective on shares of Orla Mining and gave the stock a “buy” rating in a research report on Wednesday, March 19th. Finally, TD Securities upgraded shares of Orla Mining to a “hold” rating in a report on Tuesday, February 4th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$12.56.

Orla Mining Stock Down 11.6 %

OLA stock opened at C$11.75 on Wednesday. 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 company’s 50-day moving average price is C$10.96 and its 200 day moving average price is C$8.34. Orla Mining has a 52 week low of C$4.60 and a 52 week high of C$13.79. The company has a market cap of C$2.66 billion, a P/E ratio of 251.15 and a beta of 1.57.

Insider Buying and Selling

In other Orla Mining news, Director Jean Robitaille sold 200,000 shares of the business’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of C$13.25, for a total value of C$2,650,000.00. Also, Senior Officer Paul Schmidt sold 50,000 shares of the stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of C$13.19, for a total value of C$659,660.00. In the last quarter, insiders sold 385,399 shares of company stock worth $5,067,805. 51.68% of the stock is owned by corporate 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.