Orla Mining (TSE:OLA) Price Target Raised to C$19.00 at Stifel Nicolaus

Orla Mining (TSE:OLA) had its price objective hoisted by Stifel Nicolaus from C$15.50 to C$19.00 in a research report report published on Monday morning,BayStreet.CA reports.

OLA has been the topic of a number of other reports. Desjardins lifted their target price on Orla Mining from C$12.00 to C$13.00 and gave the stock a “buy” rating in a report on Wednesday, March 19th. CIBC lifted their price target on Orla Mining from C$16.25 to C$18.50 in a research note on Thursday, April 17th. Cormark upped their price objective on shares of Orla Mining from C$10.00 to C$12.00 in a research note on Thursday, March 20th. TD Securities upgraded shares of Orla Mining to a “hold” rating in a report on Tuesday, February 4th. Finally, Stifel Canada upgraded shares of Orla Mining to a “strong-buy” rating in a report on Wednesday, March 19th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$13.28.

Orla Mining Trading Up 2.1 %

Shares of TSE:OLA opened at C$15.94 on Monday. The stock has a market capitalization of C$3.61 billion, a price-to-earnings ratio of 340.71 and a beta of 1.57. Orla Mining has a 1-year low of C$4.60 and a 1-year high of C$16.53. The company has a 50 day moving average price of C$12.20 and a 200 day moving average price of C$9.14. The company has a debt-to-equity ratio of 12.68, a quick ratio of 1.22 and a current ratio of 4.54.

Insider Transactions at Orla Mining

In related news, Senior Officer Paul Schmidt sold 50,000 shares of Orla Mining stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of C$13.19, for a total transaction of C$659,660.00. Also, Director Jean Robitaille sold 42,906 shares of the company’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of C$13.00, for a total value of C$557,778.00. Insiders sold 385,399 shares of company stock valued at $5,067,805 over the last three months. 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.