Boralex Inc. (TSE:BLX) declared a quarterly dividend on Thursday, May 30th, TickerTech reports. Stockholders of record on Monday, June 17th will be paid a dividend of 0.165 per share on Monday, June 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend is Thursday, May 30th.
Shares of Boralex stock opened at C$18.49 on Friday. Boralex has a 52-week low of C$15.96 and a 52-week high of C$22.06. The company has a current ratio of 0.74, a quick ratio of 0.63 and a debt-to-equity ratio of 415.22. The stock has a market cap of $1.64 billion and a PE ratio of -51.22.
Boralex (TSE:BLX) last issued its quarterly earnings results on Friday, March 1st. The company reported C$0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.17 by C($0.11). The firm had revenue of C$145.00 million for the quarter, compared to analyst estimates of C$149.00 million. Equities analysts anticipate that Boralex will post 0.439999957844315 earnings per share for the current fiscal year.
A number of research analysts have recently issued reports on the stock. CIBC boosted their price target on shares of Boralex from C$23.00 to C$23.50 in a research note on Thursday, May 9th. BMO Capital Markets lowered their price target on shares of Boralex from C$24.00 to C$22.00 and set an “outperform” rating on the stock in a report on Monday, March 4th. Raymond James lowered shares of Boralex from a “strong-buy” rating to an “outperform” rating in a report on Tuesday, April 23rd. TD Securities boosted their price target on shares of Boralex from C$21.00 to C$22.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Finally, National Bank Financial boosted their price target on shares of Boralex from C$23.50 to C$24.00 and gave the company an “outperform” rating in a report on Tuesday, February 19th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of C$23.07.
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Boralex Company Profile
Boralex Inc, together with its subsidiaries, develops, constructs, and operates renewable energy power facilities primarily in Canada, France, and the United States. As of December 31, 2018, the company had interests in 81 wind power stations with an installed capacity of 1,723 megawatts (MW); 15 hydroelectric power stations with a capacity of 156 MW; 2 thermal power stations with an installed capacity of 47 MW; and 3 solar power stations with an installed capacity of 16 MW.
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