Orla Mining (TSE:OLA) Upgraded at Scotiabank

Scotiabank upgraded shares of Orla Mining (TSE:OLA) from a sector perform rating to an outperform rating in a report published on Wednesday morning,BayStreet.CA reports. The firm currently has C$7.75 price objective on the stock, up from their prior price objective of C$6.00.

Other equities research analysts have also recently issued reports about the stock. Desjardins upgraded shares of Orla Mining to a “moderate buy” rating in a research report on Thursday, October 31st. Stifel Nicolaus raised their price target on shares of Orla Mining from C$6.50 to C$8.00 in a report on Monday, October 21st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$7.04.

Orla Mining Stock Up 0.3 %

Shares of TSE:OLA opened at C$6.78 on Wednesday. Orla Mining has a 52-week low of C$3.53 and a 52-week high of C$7.16. The stock has a market cap of C$2.17 billion, a P/E ratio of -135.60 and a beta of 1.57. The business has a fifty day moving average of C$6.22 and a two-hundred day moving average of C$5.71. The company has a quick ratio of 1.22, a current ratio of 5.89 and a debt-to-equity ratio of 17.76.

Insider Transactions at Orla Mining

In related news, Director Jean Robitaille sold 46,600 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$5.74, for a total transaction of C$267,549.24. Also, Senior Officer Andrew James Bradbury sold 12,500 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of C$5.90, for a total value of C$73,750.00. Company 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.