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

Orla Mining (TSE:OLA - Get Free Report) had its price target raised by research analysts at Stifel Nicolaus from C$15.50 to C$19.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Stifel Nicolaus' target price would indicate a potential upside of 28.21% from the company's previous close.

OLA has been the subject of several other reports. Cormark raised their price target on Orla Mining from C$10.00 to C$12.00 in a research report on Thursday, March 20th. Desjardins raised their target price on Orla Mining from C$12.00 to C$13.00 and gave the company a "buy" rating in a report on Wednesday, March 19th. CIBC boosted their price target on shares of Orla Mining from C$16.25 to C$18.50 in a research note on Thursday, April 17th. Stifel Canada upgraded shares of Orla Mining to a "strong-buy" rating in a report on Wednesday, March 19th. Finally, TD Securities upgraded shares of Orla Mining to a "hold" rating in a report on Tuesday, February 4th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of C$13.28.

Orla Mining Trading Down 1.3 %

Shares of OLA stock traded down C$0.20 during trading hours on Monday, hitting C$14.82. The company had a trading volume of 370,186 shares, compared to its average volume of 632,438. The company has a debt-to-equity ratio of 12.68, a current ratio of 4.54 and a quick ratio of 1.22. The stock has a market capitalization of C$3.36 billion, a PE ratio of 316.77 and a beta of 1.57. The company's fifty day moving average is C$12.61 and its 200 day moving average is C$9.38. Orla Mining has a fifty-two week low of C$4.60 and a fifty-two week high of C$16.53.

Insider Buying and Selling

In other news, Director Jean Robitaille sold 200,000 shares of the stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of C$13.25, for a total value of C$2,650,000.00. Also, Director Charles A. Jeannes sold 15,023 shares of the firm's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of C$12.86, for a total value of C$193,257.37. Insiders sold 385,399 shares of company stock worth $5,067,805 over the last 90 days. 51.68% of the stock is owned by 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.