Neuberger Berman Group LLC Sells 7,013 Shares of Orla Mining Ltd. $ORLA

Neuberger Berman Group LLC lessened its position in Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 37.4% in the second quarter, HoldingsChannel reports. The firm owned 11,737 shares of the company’s stock after selling 7,013 shares during the quarter. Neuberger Berman Group LLC’s holdings in Orla Mining were worth $118,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. bought a new position in Orla Mining in the second quarter worth $30,000. IFP Advisors Inc increased its stake in shares of Orla Mining by 191.6% in the 2nd quarter. IFP Advisors Inc now owns 3,981 shares of the company’s stock worth $40,000 after acquiring an additional 2,616 shares in the last quarter. TD Waterhouse Canada Inc. increased its stake in shares of Orla Mining by 50.0% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 5,368 shares of the company’s stock worth $53,000 after acquiring an additional 1,789 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in Orla Mining during the 1st quarter valued at about $86,000. Finally, 111 Capital bought a new stake in Orla Mining during the second quarter worth about $102,000. 43.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on ORLA shares. CIBC reaffirmed an “outperform” rating on shares of Orla Mining in a research note on Monday, October 20th. Scotiabank restated an “outperform” rating on shares of Orla Mining in a research note on Thursday, October 23rd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Orla Mining in a research report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $27.00.

Orla Mining Stock Up 4.6%

Shares of Orla Mining stock opened at $14.10 on Friday. The company has a 50-day simple moving average of $11.34 and a two-hundred day simple moving average of $10.87. The stock has a market capitalization of $4.79 billion, a PE ratio of 108.47 and a beta of 0.33. Orla Mining Ltd. has a 52-week low of $4.70 and a 52-week high of $14.14. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.88 and a current ratio of 1.07.

Orla Mining Company Profile

Orla Mining Ltd. acquires, explores, develops, and exploits mineral properties. The company explores for gold, silver, zinc, lead, and copper deposits. It owns 100% interests in the Camino Rojo project that consists of seven concessions covering an area of 138,636 hectares located in Zacatecas, Mexico; Cerro Quema project totaling an area of 15,000 hectares located in the Azuero Peninsula, Panama; and the South Railroad project consisting of an area of 21,000 hectares located in Elko, Nevada.