Orla Mining Ltd. (TSE:OLA) Plans $0.02 Quarterly Dividend

Orla Mining Ltd. (TSE:OLA) declared a quarterly dividend on Tuesday, May 26th, TickerTech Dividends reports. Investors of record on Tuesday, June 9th will be paid a dividend of 0.015 per share on Tuesday, June 9th. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, May 26th.

Orla Mining Price Performance

Shares of OLA opened at C$16.54 on Friday. The company has a market cap of C$5.72 billion, a price-to-earnings ratio of 22.97 and a beta of 1.36. Orla Mining has a 1-year low of C$12.67 and a 1-year high of C$29.99. The company’s fifty day simple moving average is C$20.73 and its 200 day simple moving average is C$20.69. The company has a current ratio of 1.06, a quick ratio of 1.22 and a debt-to-equity ratio of 42.47.

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Orla Mining from C$28.00 to C$35.00 in a report on Tuesday, February 10th. BMO Capital Markets boosted their target price on shares of Orla Mining from C$22.00 to C$30.00 in a report on Monday, January 26th. Desjardins set a C$35.00 target price on shares of Orla Mining and gave the stock a “buy” rating in a report on Thursday, April 23rd. TD Securities upgraded shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Finally, ATB Cormark Capital Markets upgraded shares of Orla Mining from a “hold” rating to a “moderate buy” rating and boosted their target price for the stock from C$25.00 to C$35.00 in a report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to data from MarketBeat.com, Orla Mining presently has an average rating of “Buy” and a consensus target price of C$31.06.

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.