The Globe and Mail reports in its Wednesday, July 11, edition that Orla Mining provides investors with exposure to a pair of low-capital, high-return projects, according to Desjardins Securities analyst Raj Ray, who believes its Camino Rojo project in Zacatecas, Mexico, and Cerro Quema in Los Santos, Panama, "exhibit lower technical and jurisdictional risk overall." The Globe's David Leeder writes in the Eye On Equities column that Mr. Ray commenced coverage of the Vancouver-based development-stage company with a "buy" rating. Also touting its "strong" management and shareholder base, led by Goldcorp and Franco-Nevada chairman Pierre Lassonde, acting as an "industry-savvy endorsement," Mr. Ray set a target price of $2 for Orla shares. Analysts on average target the shares at $2.54. Mr. Ray says in a note, "Although Orla trades slightly above the average developer multiple on P/NAV [price to net asset value], the company is steeply discounted on an EV/resources basis, thus highlighting the large existing resource base, where the company has potential to unlock significant value (especially related to the sulphide ore development)."