Orla Mining Ltd (Symbol: ORLA) shares reached $5.97 per share, exceeding the average analyst 12-month target price of $5.92 on a recent trading day. This movement prompts analysts to consider either downgrading their valuations or raising their target prices, depending on the company’s fundamental developments.
Currently, there are seven analyst targets contributing to the average, with a range from $5.22 to $7.02 and a standard deviation of $0.62. Among these, four analysts rate ORLA as a strong buy, two as a buy, and one as a hold, with no sell or strong sell ratings. The average rating stands at 1.57, indicating a generally positive outlook.
