The Globe and Mail reports in its Wednesday, Nov. 8, edition that Stifel analyst Stephen Soock is keeping his "buy" call on Orla Mining intact. The Globe's David Leeder writes that Mr. Soock trimmed his share target by a loonie to $6.50. Analysts on average target the shares at $6.96. Mr. Soock says in a note: "Following the recent protests in Panama sparked by the Cobre Panama deal, we are updating our numbers for Orla. The company owns the Cerro Quema project (previously 10 per cent of NAV) which had received environmental permits in June but is awaiting a mining license. We are removing Cerro Quema oxide gold from our production profile and assigning an in-situ value of $80-million (vs. $185-million previously) and $93-million for the 1.18Blbs of Caballito copper resource (vs. $186-million previously). We have trimmed our target P/NAV multiple by five basis points to 1.05 times but still see the company generating sufficient cash flow from the operating Camino Rojo mine in Mexico to fund South Railroad and Camino Rojo sulphide construction. Our NAV has decreased by 9.3 per cent to $4.69/sh." The Globe reported on June 2 and Aug. 30 that Mr. Soock rated Orla Mining "buy" when it was worth $6.24 and $6.40.