Analyst Andrew Mikitchook from BMO Capital maintained a Buy rating on Orla Mining and keeping the price target at C$30.00.
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Andrew Mikitchook has given his Buy rating due to a combination of factors related to Orla Mining’s operating momentum and growth visibility. The company started 2026 with quarterly gold output ahead of his expectations, mainly driven by stronger performance at the Musselwhite mine, and remains on pace to meet its full‑year production targets with grades forecast to improve in the second half of the year.
Orla also benefits from a solid balance sheet, with substantial cash on hand that should allow it to fund construction of the South Railroad project from internal cash flow. In addition, the established track record at Camino Rojo, the successful integration and development progress at Musselwhite, and a line of sight to production levels exceeding 300,000 oz per year together underpin Mikitchook’s positive view on the stock’s risk‑reward profile.
In another report released today, Stifel Nicolaus also maintained a Buy rating on the stock with a C$35.00 price target.
OLA’s price has also changed moderately for the past six months – from C$18.440 to C$24.470, which is a 32.70% increase.