Stifel Nicolaus Sticks to Its Buy Rating for Orla Mining (OLA)

Stifel Nicolaus analyst Ingrid Rico maintained a Buy rating on Orla Mining today and set a price target of C$18.50. The company’s shares closed yesterday at C$18.44.

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According to TipRanks, Rico is a top 100 analyst with an average return of 35.2% and a 73.73% success rate. Rico covers the Basic Materials sector, focusing on stocks such as Dundee Precious Mtl, Orla Mining, and Aya Gold & Silver.

In addition to Stifel Nicolaus, Orla Mining also received a Buy from CIBC’s Cosmos Chiu in a report issued on October 10. However, on October 8, TR | OpenAI – 4o reiterated a Hold rating on Orla Mining (TSX: OLA).

Based on Orla Mining’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$266.93 million and a net profit of C$48.79 million. In comparison, last year the company earned a revenue of C$84.64 million and had a net profit of C$24.28 million

Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OLA in relation to earlier this year.