BMO Capital Markets on Monday maintained its outperform rating on the shares of Orla Mining (OLA.TO) while raising its price target to C$30.00 from C$22.00 after the company released fourth-quarter production results.

"With this note we update our valuation for Orla's Q4 production, 2026 guidance and South Railroad's updated feasibility. In our opinion Orla presents a unique combination of near-term growth, to approximately 500,000oz/yr, from bringing Railroad into production and known exploration leverage likely to lead to further growth across its portfolio. We raise our target to $30 (from $22) to account for rising valuations in the market driven primarily by record gold prices," 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: 27.09, Change: +1.83, Percent Change: +7.24