Scotiabank Boosts Orla Mining (CVE:OLA) Price Target to C$7.00

Orla Mining (CVE:OLAGet Rating) had its price objective raised by analysts at Scotiabank from C$6.75 to C$7.00 in a report released on Tuesday, BayStreet.CA reports. Scotiabank’s price objective points to a potential upside of 400.00% from the stock’s previous close.

Separately, TD Securities upped their price objective on Orla Mining from C$7.00 to C$8.00 and gave the company a “buy” rating in a report on Friday, March 25th.

Shares of OLA traded up C$1.40 during trading hours on Tuesday, hitting C$1.40. 61,016 shares of the stock traded hands, compared to its average volume of 113,555. The company has a quick ratio of 13.00, a current ratio of 13.32 and a debt-to-equity ratio of 1.29. Orla Mining has a 1-year low of C$1.08 and a 1-year high of C$1.85. The stock has a market capitalization of C$250.90 million and a price-to-earnings ratio of -22.95. The firm has a fifty day simple moving average of C$1.40.

In related news, Director Jason Douglas Simpson sold 343,600 shares of the company’s stock in a transaction dated Wednesday, April 13th. The stock was sold at an average price of C$6.26, for a total value of C$2,152,482.20. Following the completion of the sale, the director now owns 562,036 shares in the company, valued at C$3,520,874.52. Insiders sold 516,500 shares of company stock valued at $3,225,758 in the last quarter.

Orla Mining Company Profile (Get Rating)

Orla Mining Ltd. operates as a mineral exploration company. The company explores for gold, silver, and copper deposits. It holds 100% interests in the Cerro Quema project with three concessions that cover an area of 14,833 hectares located on the Azuero Peninsula. The company was formerly known as Red Mile Minerals Corp.

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