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Royal Bank of Canada Issues Positive Forecast for Orla Mining (TSE:OLA) Stock Price

Orla Mining logo with Basic Materials background

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

Other analysts also recently issued research reports about the company. BMO Capital Markets lifted their price objective on Orla Mining from C$12.50 to C$14.50 in a research note on Thursday, March 20th. CIBC upped their target price on shares of Orla Mining from C$16.25 to C$18.50 in a research report on Thursday, April 17th. Stifel Nicolaus upped their price objective on Orla Mining from C$15.50 to C$19.00 in a research report on Monday, April 21st. Stifel Canada upgraded Orla Mining to a "strong-buy" rating in a report on Wednesday, March 19th. Finally, Desjardins boosted their target price on Orla Mining from C$12.00 to C$13.00 and gave the company a "buy" rating in a research report on Wednesday, March 19th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of C$14.82.

Check Out Our Latest Stock Analysis on Orla Mining

Orla Mining Price Performance

OLA stock traded down C$1.73 during mid-day trading on Wednesday, hitting C$15.18. The company had a trading volume of 720,877 shares, compared to its average volume of 611,691. The company has a market capitalization of C$3.44 billion, a price-to-earnings ratio of 324.46 and a beta of 1.57. The company has a 50-day moving average price of C$14.29 and a 200 day moving average price of C$11.03. The company has a quick ratio of 1.22, a current ratio of 4.54 and a debt-to-equity ratio of 12.68. Orla Mining has a 12-month low of C$4.60 and a 12-month high of C$16.98.

Insider Activity at Orla Mining

In other Orla Mining news, Director Jean Robitaille sold 42,906 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of C$13.00, for a total value of C$557,778.00. Also, Director Charles A. Jeannes sold 15,023 shares of Orla Mining stock in a transaction on Friday, March 21st. The stock was sold at an average price of C$12.86, for a total value of C$193,257.37. In the last ninety days, insiders have sold 385,399 shares of company stock worth $5,067,805. Insiders own 51.68% of the company's stock.

About Orla Mining

(Get Free Report)

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.

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