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

Orla Mining Ltd. (NYSEAMERICAN:ORLA) announced a quarterly dividend on Monday, May 11th. Investors of record on Tuesday, May 26th will be paid a dividend of 0.015 per share on Tuesday, June 9th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date is Tuesday, May 26th.

Orla Mining Trading Down 2.3%

Shares of ORLA stock opened at $14.47 on Wednesday. Orla Mining has a 12-month low of $8.50 and a 12-month high of $21.98. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 0.52. The firm’s 50 day moving average is $16.02 and its 200 day moving average is $14.91. The stock has a market capitalization of $5.01 billion, a P/E ratio of 21.28 and a beta of 0.20.

Wall Street Analyst Weigh In

ORLA has been the topic of several research reports. ATB Cormark Capital Markets upgraded shares of Orla Mining from a “hold” rating to a “moderate buy” rating in a report on Monday, February 23rd. BMO Capital Markets restated an “outperform” rating on shares of Orla Mining in a report on Monday, January 26th. Scotiabank reiterated an “outperform” rating on shares of Orla Mining in a research note on Monday, January 26th. Zacks Research cut shares of Orla Mining from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Orla Mining in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $27.00.

Orla Mining Company Profile

Orla Mining is a Canada-based mineral exploration and development company focused on advancing gold and silver projects in the Americas. Its flagship asset is the Cerro Quema oxide gold-silver project in Panama, where the company holds approximately 13,000 hectares of mineral concessions. Through feasibility studies and pilot plant testing, Orla has demonstrated the potential of heap leach processing at Cerro Quema, positioning the asset for transition into construction and production phases.

In addition to Cerro Quema, Orla Mining expanded its portfolio in early 2023 with the acquisition of the Gold Springs project located along the Utah–Nevada border in the United States.