TD Securities initiated coverage of Orla Mining (ORLA) with a Hold rating and C$9.50 price target The firm views Musselwhite as “transformational” in providing increased scale and improved geographical mix, but is cautious on Orla’s valuation following the recent re-rating post-transaction.
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Read More on ORLA:
- Orla Mining Shareholders Approve Musselwhite Mine Acquisition
- Orla Mining Achieves Record Gold Production and Strengthens Financial Position
- Orla Mining price target raised to C$8.75 from C$7.75 at Scotiabank
- Proxy Advisory Firms Support Orla Mining’s Acquisition Plan
- Orla Mining’s Special Meeting on Musselwhite Acquisition