Orla Mining Ltd. (TSE:OLA) Given Consensus Rating of “Buy” by Brokerages

Orla Mining Ltd. (TSE:OLA) has been given an average rating of “Buy” by the five analysts that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$31.06.

A number of brokerages have issued reports on OLA. Canadian Imperial Bank of Commerce increased their price objective on shares of Orla Mining from C$27.00 to C$32.00 in a research note on Wednesday, February 4th. Stifel Nicolaus increased their price objective on shares of Orla Mining from C$28.00 to C$35.00 in a research note on Tuesday, February 10th. BMO Capital Markets increased their price objective on shares of Orla Mining from C$22.00 to C$30.00 in a research note on Monday, January 26th. National Bank Financial increased their price objective on shares of Orla Mining from C$27.00 to C$29.00 and gave the stock an “outperform” rating in a research note on Thursday, January 22nd. Finally, Scotiabank increased their price objective on shares of Orla Mining from C$21.00 to C$26.50 in a research note on Monday, January 26th.

Orla Mining Stock Performance

TSE OLA opened at C$16.91 on Thursday. The firm has a market capitalization of C$5.85 billion, a P/E ratio of 23.49 and a beta of 1.36. The firm’s fifty day moving average price is C$21.04 and its two-hundred day moving average price is C$20.70. Orla Mining has a 1 year low of C$12.67 and a 1 year high of C$29.99. 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 quarterly earnings data on Monday, May 11th. The company reported C$0.54 earnings per share for the quarter. Orla Mining had a net margin of 19.60% and a return on equity of 41.46%. The company had revenue of C$526.76 million for the quarter. As a group, research analysts anticipate that Orla Mining will post 0.3352878 EPS for the current year.

Orla Mining Announces Dividend

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