The Globe and Mail reports in its Tuesday, Aug. 28, edition that BMO Nesbitt Burns analyst Andrew Mikitchook commenced coverage of Orla Mining ($1.25) with an "outperform" rating and $2 share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $2.50.
Mr. Mikitchook says in a note: "Orla's two developments represent attractive start-up opportunities with a good balance of scale, manageable capex, and jurisdiction, and a management team with a track record of value creation. We expect development and exploration revaluation catalysts for Orla over the short and medium terms." The Globe reported on Jan. 26 that Raymond James analyst Tara Hassan rated Orla Mining "outperform" in new coverage. She targeted the shares at $2.50. The shares could then be had for $1.68. The Globe reported on July 11 that Desjardins Securities analyst Raj Ray rated Orla Mining "buy" in new coverage. He targeted the shares at $2. The shares were then worth $1.38.
© 2024 Canjex Publishing Ltd. All rights reserved.