The Globe and Mail reports in its Thursday, Aug. 7, edition that Stifel analyst Ingrid Rico has reaffirmed her "buy" recommendation for Orla Mining. The Globe's David Leeder writes that Ms. Rico gave her share target a 50-cent trim to $18.50. Analysts on average target the shares at $17.44. Ms. Rico was prompted to tweak her share target following an update on the recent pit-wall event at its Camino Rojo mine and a revision to its guidance. Ms. Rico says in a note: "In our view, the update should reassure investors that the pit-wall movement is a temporary setback that is being addressed, and has a modest impact to 2025 consolidated guidance expectations (Consolidated production guidance revised 5 per cent down and a modest AISC increase of $50/oz). Camino Rojo's temporary setback has paused the momentum shares had regained at the beginning of H2. That said, Orla Mining valuation has materially contracted (trading at one times long-term P/NAV), with shares pricing in a larger impact than what it's now better understood. The layback permit approval is the next derisking event with approval expected in H2 2025. We maintain our view that OLA deserves a premium valuation with current pullback offering a good entry level."