BMO Capital Markets on Thursday maintained its outperform rating on the shares of Orla Mining (OLA.TO) while raising it price target to C$14.50 from C$12.50 following the company's fourth-quarter results.
"Q4 adjusted EPS of US$0.07 and AISC of US$826/oz were in line with expectations - production and gold sold were pre released. Post-Musselwhite acquisition, Orla has US$191M in cash and US$450M debt and will update 2025 guidance in Q2 to include the new asset. At South Railroad, permitting is on track for mid-2026 with first gold in 2027 - The company has visibility on ~500,000oz/yr from 3 assets across North America. We maintain an Outperform rating and increase our target price to $14.50 (from $12.50)," analyst Andrew Mikitchook wrote.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
Price: 12.98, Change: +0.12, Percent Change: +0.93