Orla Mining (TSE:OLA) Price Target Raised to C$18.00 at Royal Bank of Canada

Orla Mining (TSE:OLA) had its price target lifted by Royal Bank of Canada from C$15.00 to C$18.00 in a research note issued to investors on Wednesday,BayStreet.CA reports.

A number of other equities research analysts have also recently issued reports on the stock. BMO Capital Markets upped their price objective on shares of Orla Mining from C$12.50 to C$14.50 in a research note on Thursday, March 20th. TD Securities upgraded shares of Orla Mining to a “hold” rating in a research report on Tuesday, February 4th. Stifel Nicolaus raised their price objective on Orla Mining from C$15.50 to C$19.00 in a research note on Monday, April 21st. Desjardins lifted their price objective 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. Finally, Stifel Canada upgraded Orla Mining to a “strong-buy” rating in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$14.82.

Orla Mining Price Performance

OLA opened at C$15.73 on Wednesday. The company has a current ratio of 4.54, a quick ratio of 1.22 and a debt-to-equity ratio of 12.68. The stock has a market capitalization of C$3.56 billion, a P/E ratio of 336.22 and a beta of 1.57. The stock has a 50-day moving average price of C$14.18 and a 200-day moving average price of C$10.89. Orla Mining has a 12-month low of C$4.60 and a 12-month high of C$16.53.

Insider Activity

In other news, Senior Officer Etienne Morin sold 77,470 shares of the firm’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of C$13.00, for a total value of C$1,007,110.00. Also, Director Charles A. Jeannes sold 15,023 shares of Orla Mining stock in a transaction dated Friday, March 21st. The shares were sold at an average price of C$12.86, for a total transaction of C$193,257.37. Over the last ninety days, insiders sold 385,399 shares of company stock valued at $5,067,805. 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.