Orla Mining (TSE:OLA) Price Target Raised to C$9.25 at CIBC

Orla Mining (TSE:OLA) had its price objective upped by CIBC from C$8.50 to C$9.25 in a report issued on Tuesday morning,BayStreet.CA reports.

A number of other research analysts also recently issued reports on the company. Scotiabank upgraded Orla Mining from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$6.00 to C$7.75 in a research note on Wednesday, November 27th. Stifel Nicolaus upped their target price on shares of Orla Mining from C$8.00 to C$9.75 in a report on Monday, December 2nd. Finally, Desjardins upgraded 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 three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$7.79.

Orla Mining Stock Up 2.1 %

Shares of OLA stock opened at C$7.87 on Tuesday. Orla Mining has a 12 month low of C$3.96 and a 12 month high of C$8.18. The company has a 50 day simple moving average of C$6.67 and a two-hundred day simple moving average of C$5.87. The company has a current ratio of 5.89, a quick ratio of 1.22 and a debt-to-equity ratio of 17.76. The stock has a market cap of C$2.52 billion, a P/E ratio of -157.40 and a beta of 1.57.

Insiders Place Their Bets

In related news, Director Jean Robitaille sold 46,600 shares of the stock in a transaction 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. Corporate insiders own 51.68% of the company’s stock.

About Orla Mining

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.