Royal Bank of Canada Issues Positive Forecast for Orla Mining (TSE:OLA) Stock Price

Orla Mining (TSE:OLA) had its price target boosted by Royal Bank of Canada from C$13.00 to C$15.00 in a research note published on Friday,BayStreet.CA reports.

Other research analysts have also recently issued research reports about the stock. Desjardins increased their target price on shares of Orla Mining from C$12.00 to C$13.00 and gave the stock a “buy” rating in a report on Wednesday, March 19th. Stifel Canada upgraded shares of Orla Mining to a “strong-buy” rating in a research note on Wednesday, March 19th. TD Securities upgraded Orla Mining to a “hold” rating in a report on Tuesday, February 4th. CIBC raised their price target on Orla Mining from C$13.75 to C$16.25 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Scotiabank upped their price objective on Orla Mining from C$7.75 to C$8.75 in a research note on Wednesday, January 15th. One 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’s stock. According to MarketBeat, Orla Mining currently has an average rating of “Buy” and an average price target of C$12.56.

Orla Mining Trading Down 11.6 %

TSE OLA opened at C$11.75 on Friday. Orla Mining has a 52 week low of C$4.60 and a 52 week high of C$13.79. The company has a debt-to-equity ratio of 12.68, a quick ratio of 1.22 and a current ratio of 4.54. The stock’s 50 day moving average price is C$10.96 and its two-hundred day moving average price is C$8.34. The stock has a market capitalization of C$2.66 billion, a price-to-earnings ratio of 251.15 and a beta of 1.57.

Insider Activity at Orla Mining

In related news, Senior Officer Etienne Morin sold 77,470 shares of Orla Mining stock in a transaction dated Monday, March 24th. The shares were sold at an average price of C$13.00, for a total transaction of C$1,007,110.00. Also, Senior Officer Paul Schmidt sold 50,000 shares of the stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of C$13.19, for a total transaction of C$659,660.00. In the last quarter, insiders have sold 385,399 shares of company stock worth $5,067,805. Company insiders own 51.68% of the company’s stock.

Orla Mining Company Profile

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.