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

Orla Mining (TSE:OLA) had its price target upped by equities research analysts at Royal Bank of Canada from C$13.00 to C$15.00 in a note issued to investors on Friday,BayStreet.CA reports. Royal Bank of Canada’s price objective indicates a potential upside of 27.66% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the company. Stifel Canada upgraded Orla Mining to a “strong-buy” rating in a research report on Wednesday, March 19th. Stifel Nicolaus set a C$15.50 target price on shares of Orla Mining and gave the stock a “buy” rating in a research note on Wednesday, March 19th. CIBC raised their price target on Orla Mining from C$13.75 to C$16.25 and gave the company an “outperform” rating in a report on Wednesday. Cormark raised their target price on shares of Orla Mining from C$10.00 to C$12.00 in a research note on Thursday, March 20th. Finally, Scotiabank boosted their price target on shares of Orla Mining from C$7.75 to C$8.75 in a research note on Wednesday, January 15th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$12.56.

Orla Mining Price Performance

Shares of TSE OLA opened at C$11.75 on Friday. The stock has a fifty day moving average of C$10.96 and a 200-day moving average of C$8.36. The stock has a market cap of C$2.66 billion, a PE ratio of 251.15 and a beta of 1.57. The company has a debt-to-equity ratio of 12.68, a quick ratio of 1.22 and a current ratio of 4.54. Orla Mining has a fifty-two week low of C$4.60 and a fifty-two week high of C$13.79.

Insider Buying and Selling at Orla Mining

In other Orla Mining news, Director Charles A. Jeannes sold 15,023 shares of the company’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of C$12.86, for a total transaction of C$193,257.37. Also, Director Jean Robitaille sold 200,000 shares of Orla Mining 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. Insiders have sold 385,399 shares of company stock worth $5,067,805 over the last ninety days. Insiders own 51.68% of the company’s stock.

Orla Mining Company Profile

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.