Claro Advisors LLC Makes New $208,000 Investment in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)

Claro Advisors LLC bought a new position in shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,265 shares of the mining company’s stock, valued at approximately $208,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Van ECK Associates Corp lifted its stake in Compañía de Minas Buenaventura S.A.A. by 18.1% in the first quarter. Van ECK Associates Corp now owns 32,065,440 shares of the mining company’s stock valued at $509,199,000 after buying an additional 4,912,454 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Compañía de Minas Buenaventura S.A.A. by 20.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,749,782 shares of the mining company’s stock valued at $91,307,000 after purchasing an additional 982,785 shares during the last quarter. Polunin Capital Partners Ltd raised its position in Compañía de Minas Buenaventura S.A.A. by 8.0% in the 1st quarter. Polunin Capital Partners Ltd now owns 4,840,032 shares of the mining company’s stock valued at $76,860,000 after purchasing an additional 358,911 shares during the last quarter. Tidal Investments LLC acquired a new stake in Compañía de Minas Buenaventura S.A.A. during the 1st quarter worth $63,988,000. Finally, Swedbank AB purchased a new position in Compañía de Minas Buenaventura S.A.A. during the 1st quarter worth $7,082,000.

Compañía de Minas Buenaventura S.A.A. Trading Down 2.5 %

Shares of Compañía de Minas Buenaventura S.A.A. stock opened at $12.40 on Tuesday. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 206.67 and a beta of 0.83. Compañía de Minas Buenaventura S.A.A. has a 52-week low of $7.73 and a 52-week high of $18.84. The company’s 50-day simple moving average is $15.29 and its 200-day simple moving average is $16.19. The company has a quick ratio of 1.17, a current ratio of 1.40 and a debt-to-equity ratio of 0.20.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last released its earnings results on Tuesday, July 30th. The mining company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.06). The business had revenue of $277.11 million for the quarter, compared to analyst estimates of $252.21 million. Compañía de Minas Buenaventura S.A.A. had a return on equity of 3.17% and a net margin of 9.54%. During the same quarter in the previous year, the firm posted ($0.03) EPS. As a group, equities research analysts anticipate that Compañía de Minas Buenaventura S.A.A. will post 1.41 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Morgan Stanley upgraded shares of Compañía de Minas Buenaventura S.A.A. from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $19.00 to $21.00 in a research note on Friday, June 21st. Scotiabank lowered their target price on Compañía de Minas Buenaventura S.A.A. from $16.00 to $15.00 and set a “sector underperform” rating on the stock in a research note on Monday, August 19th.

Compañía de Minas Buenaventura S.A.A. Profile

Compañía de Minas Buenaventura SAA. engages in the exploration, development, construction, and operation of mineral processing business. The company explores for gold, silver, lead, zinc, and copper metals. It operates operating mining units, including Tambomayo located in the Caylloma province, Orcopampa Unit located in the province of Castilla, Uchucchacua located in province of Oyón, Julcani located in province of Angaraes, Peru, as well as San Gabrie located in the province of General Sánchez Cerro, in the Moquegua region.