Orla Mining Ltd. (NYSEAMERICAN:ORLA – Get Free Report) announced a quarterly dividend on Monday, May 11th. Shareholders of record on Tuesday, May 26th will be given 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 of this dividend is Tuesday, May 26th.
Orla Mining Price Performance
ORLA stock opened at $14.81 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 0.52. Orla Mining has a 52-week low of $8.50 and a 52-week high of $21.98. The stock’s 50 day moving average is $16.17 and its two-hundred day moving average is $14.88. The company has a market capitalization of $5.12 billion, a PE ratio of 56.96 and a beta of 0.20.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on ORLA. National Bank Financial began coverage on Orla Mining in a report on Monday, January 12th. They issued an “outperform” rating for the company. BMO Capital Markets reiterated an “outperform” rating on shares of Orla Mining in a report on Monday, January 26th. Zacks Research downgraded Orla Mining from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Orla Mining in a report on Wednesday, February 4th. Finally, ATB Cormark Capital Markets upgraded Orla Mining from a “hold” rating to a “moderate buy” rating in a report on Monday, February 23rd. One 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target 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.
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