Orla Mining (TSE:OLA) Given New C$9.25 Price Target at CIBC

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

OLA has been the topic of a number of other research reports. Desjardins raised Orla Mining to a “moderate buy” rating in a research note on Thursday, October 31st. Stifel Nicolaus increased their price target on shares of Orla Mining from C$8.00 to C$9.75 in a research report on Monday, December 2nd. Finally, Scotiabank raised Orla Mining from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$6.00 to C$7.75 in a research note on Wednesday, November 27th.

Orla Mining Stock Performance

TSE OLA opened at C$8.08 on Tuesday. The company’s 50 day simple moving average is C$6.76 and its two-hundred day simple moving average is C$5.89. The company has a debt-to-equity ratio of 17.76, a current ratio of 5.89 and a quick ratio of 1.22. Orla Mining has a 1 year low of C$4.04 and a 1 year high of C$8.18. The stock has a market capitalization of C$2.58 billion, a PE ratio of -161.60 and a beta of 1.57.

Insiders Place Their Bets

In other 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 value of C$267,549.24. 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.