Scotiabank analyst Ovais Habib raised the firm’s price target on Orla Mining (ORLA) to C$16 from C$15.50 and keeps an Outperform rating on the shares. Scotia noted that Orla reported its first sulphide underground resource estimate for the Camino Rojo asset, with measured and indicated resources estimated at 50.1 Mt of ore at 2.45 g/t Au, 10.6 g/t Ag, and 0.35% Zn for a total of 4.2 Moz AuEq, which the firm sees as a “positive” for Orla shares.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ORLA:
- Orla Mining Unveils Initial Underground Resource Estimate for Camino Rojo
- Orla Mining’s Earnings Call: Record Gold Production and Positive Outlook
- Orla Mining Boosts 2025 Production with Musselwhite Acquisition
- OLA Earnings this Week: How Will it Perform?
- Orla Mining price target raised to C$19 from C$15.50 at Stifel