The Globe and Mail reports in its Thursday, March 12, edition that Desjardins Securities analyst David Stewart began coverage on Orla Mining with a "buy" rating and $3.20 share target. The Globe's David Leeder writes that analysts on average target the shares at $2.71. Mr. Stewart says in a note: "Orla is a Canadian development-stage company focused on advancing its two heap leach gold projects toward production. Both projects offer compelling economics with low capital intensity and high margins. Each project ranks well in terms of grades for heap leach projects when factoring in strip ratio and recovery, and combined they represent a potential production profile of 200,000 ounces per year. Both oxide projects also have surrounding sulphide resources, which could represent significant upside potential. In particular, the sulphide resource at Camino Rojo contains an M&I resource of 9.0mGEO grading 1.1gpt Aueq, making it one of the largest gold resources held by a development-stage company. We believe Orla stands out among many of its peers in that it has initial project financing secured, multiple projects (no single-asset discount), management and board with a proven track record of value creation."