Orla Mining (TSE:OLA) Price Target Raised to C$18.00 at Royal Bank of Canada

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

OLA has been the topic of a number of other research reports. Cormark increased their target price on Orla Mining from C$10.00 to C$12.00 in a research note on Thursday, March 20th. CIBC raised their price target on Orla Mining from C$16.25 to C$18.50 in a research note on Thursday, April 17th. Stifel Nicolaus raised their price target on Orla Mining from C$15.50 to C$19.00 in a research note on Monday, April 21st. TD Securities upgraded Orla Mining to a "hold" rating in a research note on Tuesday, February 4th. Finally, BMO Capital Markets raised their price target on Orla Mining from C$12.50 to C$14.50 in a research note on Thursday, March 20th. 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. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of C$14.82.

Orla Mining Trading Up 7.5%

OLA stock traded up C$1.18 during midday trading on Wednesday, reaching C$16.91. The company's stock had a trading volume of 786,786 shares, compared to its average volume of 610,680. The company has a debt-to-equity ratio of 12.68, a quick ratio of 1.22 and a current ratio of 4.54. The stock has a fifty day simple moving average of C$14.18 and a two-hundred day simple moving average of C$10.89. Orla Mining has a 1 year low of C$4.60 and a 1 year high of C$16.98. The firm has a market capitalization of C$3.83 billion, a price-to-earnings ratio of 361.44 and a beta of 1.57.

Insider Transactions at Orla Mining

In other news, Director Charles A. Jeannes sold 15,023 shares of Orla Mining stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of C$12.86, for a total value 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 stock was sold at an average price of C$13.19, for a total transaction of C$659,660.00. Insiders have sold a total of 385,399 shares of company stock valued at $5,067,805 in the last 90 days. Insiders own 51.68% of the company's stock.

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.