Orla Mining (TSE:OLA) Upgraded to “Outperform” at Scotiabank

Scotiabank upgraded shares of Orla Mining (TSE:OLA) from a sector perform rating to an outperform rating in a research report released on Wednesday,BayStreet.CA reports. They currently have C$7.75 price target on the stock, up from their prior price target of C$6.00.

A number of other equities research analysts have also issued reports on OLA. Stifel Nicolaus upped their price target on Orla Mining from C$6.50 to C$8.00 in a research report on Monday, October 21st. Desjardins raised Orla Mining to a “moderate buy” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Orla Mining currently has a consensus rating of “Moderate Buy” and a consensus target price of C$7.04.

Orla Mining Stock Performance

Shares of TSE:OLA opened at C$6.58 on Wednesday. The company has a debt-to-equity ratio of 17.76, a current ratio of 5.89 and a quick ratio of 1.22. Orla Mining has a 1 year low of C$3.53 and a 1 year high of C$7.16. The firm has a market capitalization of C$2.10 billion, a PE ratio of -131.60 and a beta of 1.57. The business’s 50 day moving average price is C$6.17 and its 200-day moving average price is C$5.70.

Insiders Place Their Bets

In related news, Director Jean Robitaille sold 46,600 shares of the firm’s 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 Orla Mining stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$5.90, for a total value of C$73,750.00. 51.68% of the stock is owned by company insiders.

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.