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
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.