Orla Mining (TSE:OLA) Rating Increased to Strong-Buy at TD Securities

TD Securities upgraded shares of Orla Mining (TSE:OLA) from a hold rating to a strong-buy rating in a research note published on Wednesday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the stock. Desjardins set a C$35.00 target price on shares of Orla Mining and gave the company a “buy” rating in a research report on Thursday, April 23rd. Stifel Nicolaus increased their target price on shares of Orla Mining from C$28.00 to C$35.00 in a research report on Tuesday, February 10th. BMO Capital Markets increased their target price on shares of Orla Mining from C$22.00 to C$30.00 in a research report on Monday, January 26th. ATB Cormark Capital Markets upgraded shares of Orla Mining from a “hold” rating to a “moderate buy” rating and increased their target price for the company from C$25.00 to C$35.00 in a research report on Monday, February 23rd. Finally, National Bank Financial increased their target price on shares of Orla Mining from C$27.00 to C$29.00 and gave the company an “outperform” rating in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to MarketBeat.com, Orla Mining currently has an average rating of “Buy” and a consensus price target of C$31.06.

Orla Mining Price Performance

Shares of TSE OLA opened at C$16.91 on Wednesday. The firm has a 50-day simple moving average of C$21.04 and a 200-day simple moving average of C$20.70. The stock has a market capitalization of C$5.85 billion, a price-to-earnings ratio of 23.49 and a beta of 1.36. The company has a quick ratio of 1.22, a current ratio of 1.06 and a debt-to-equity ratio of 42.47. Orla Mining has a 52 week low of C$12.67 and a 52 week high of C$29.99.

Orla Mining (TSE:OLA) last issued its earnings results on Monday, May 11th. The company reported C$0.54 EPS for the quarter. The business had revenue of C$526.76 million during the quarter. Orla Mining had a net margin of 19.60% and a return on equity of 41.46%. On average, equities analysts predict that Orla Mining will post 0.3352878 earnings per share for the current fiscal year.

Orla Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Tuesday, June 9th will be issued a $0.015 dividend. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.4%. Orla Mining’s dividend payout ratio is currently 2.08%.

Orla Mining Company Profile

Orla Mining Ltd is a mineral exploration company. It is engaged in the acquisition and exploration of mineral properties. The company holds two gold projects; the Camino Rojo gold and silver project in Zacatecas State, Mexico, and the Cerro Quema gold project in Panama. It conducts business activities in the geographic areas of Mexico, Panama, the United States, and Canada.