Orla Mining Ltd. (OLA) to Issue Quarterly Dividend of $0.02 on June 9th

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 dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, May 26th.

Orla Mining Price Performance

Shares of Orla Mining stock opened at C$16.54 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.06 and a debt-to-equity ratio of 42.47. The company has a market cap of C$5.72 billion, a PE ratio of 22.97 and a beta of 1.36. The business has a 50 day moving average of C$20.73 and a 200 day moving average of C$20.69. 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 announced its earnings results on Monday, May 11th. The company reported C$0.54 EPS for the quarter. The company had revenue of C$526.76 million during the quarter. Orla Mining had a return on equity of 41.46% and a net margin of 19.60%. As a group, equities research analysts forecast that Orla Mining will post 0.3352878 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on OLA. Stifel Nicolaus upped their target price on Orla Mining from C$28.00 to C$35.00 in a report on Tuesday, February 10th. Scotiabank upped their target price on Orla Mining from C$21.00 to C$26.50 in a report on Monday, January 26th. TD Securities upgraded Orla Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday. ATB Cormark Capital Markets upgraded Orla Mining from a “hold” rating to a “moderate buy” rating and upped their target price for the company from C$25.00 to C$35.00 in a report on Monday, February 23rd. Finally, BMO Capital Markets upped their target price on Orla Mining from C$22.00 to C$30.00 in a report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to data from MarketBeat.com, Orla Mining currently has an average rating of “Buy” and an average price target 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.