BMO and Scotiabank Raise Price Targets for Orla Mining (ORLA)


Orla Mining Ltd. (NYSEAMERICAN:BORDER) is included among the 13 companies that have just started paying dividends.

BMO and Scotiabank Raise Price Targets for Orla Mining (ORLA)
BMO and Scotiabank Raise Price Targets for Orla Mining (ORLA)

On January 26, BMO Capital boosted their price target on Orla Mining Ltd. (NYSEAMERICAN:ORLA) to C$30 from C$22 and maintained an outperform rating on the stock. The move reflected growing confidence in the company’s performance and operating prospects. On the same day, Scotiabank also raised its price target on Orla Mining to C$26.50 from C$21, while maintaining an outperform rating.

Earlier on January 20, Orla announced that it had exceeded its revised annual production guidance. The company produced 300,620 ounces of gold in 2025, well above the revised range of 265,000 to 285,000 ounces. Orla said it expects full-year 2025 all-in costs to come within its updated guidance of $1,350 to $1,550 an ounce.

The balance sheet also attracted attention. As of December 31, 2025, Orla reported cash of $420.8 million and debt of $385.9 million, leaving the company with a net cash position of $35.8 million. This level of flexibility is important, especially as the company continues to invest in growth.

In early December, Orla shared an update on exploration results at the Musselwhite mine. Drilling confirmed that high-grade gold mineralization extends approximately two kilometers beyond current underground operations. The company reported that significant gold mineralization was intersected two kilometers below current operations, including 5.0 meters at 5.57 g/t Au, including 1.0 meter at 8.79 g/t Au (25-NSD03-002W).

Orla Mining Ltd. (NYSEAMERICAN:ORLA) is a Canadian-based company focused on the acquisition, development and exploitation of mineral properties. Its portfolio includes three material projects, consisting of two mines in operation and one project in the development phase, all of which are 100% owned.

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