Orla Mining (TSE:OLA) Price Target Raised to C$15.00

Orla Mining (TSE:OLA) had its price objective hoisted by Royal Bank of Canada from C$13.00 to C$15.00 in a report released on Friday morning,BayStreet.CA reports.

OLA has been the subject of several other research reports. Cormark increased their target price on shares of Orla Mining from C$10.00 to C$12.00 in a research note on Thursday, March 20th. BMO Capital Markets increased their price objective on Orla Mining from C$12.50 to C$14.50 in a research report on Thursday, March 20th. Desjardins lifted their target price on Orla Mining from C$12.00 to C$13.00 and gave the company a “buy” rating in a research note on Wednesday, March 19th. Scotiabank upped their price target on Orla Mining from C$7.75 to C$8.75 in a research note on Wednesday, January 15th. Finally, Stifel Nicolaus set a C$15.50 price objective on shares of Orla Mining and gave the company a “buy” rating in a research report on Wednesday, March 19th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Orla Mining presently has an average rating of “Buy” and a consensus price target of C$12.56.

Orla Mining Stock Down 11.6 %

OLA stock opened at C$11.75 on Friday. The company has a market cap of C$2.66 billion, a price-to-earnings ratio of 251.15 and a beta of 1.57. The company has a fifty day moving average price of C$10.96 and a 200 day moving average price of C$8.38. The company has a debt-to-equity ratio of 12.68, a current ratio of 4.54 and a quick ratio of 1.22. Orla Mining has a 12 month low of C$4.60 and a 12 month high of C$13.79.

Insider Activity

In other Orla Mining news, Director Charles A. Jeannes sold 15,023 shares of the company’s 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. Also, Senior Officer Paul Schmidt sold 50,000 shares of Orla Mining stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of C$13.19, for a total transaction of C$659,660.00. Insiders sold 385,399 shares of company stock valued at $5,067,805 in the last three months. 51.68% of the stock is currently owned by company insiders.

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.