Profund Advisors LLC Cuts Holdings in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)

Profund Advisors LLC reduced its position in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) by 11.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,810 shares of the mining company’s stock after selling 3,017 shares during the period. Profund Advisors LLC’s holdings in Compañía de Minas Buenaventura S.A.A. were worth $404,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BVN. Ashton Thomas Private Wealth LLC bought a new stake in Compañía de Minas Buenaventura S.A.A. in the 2nd quarter worth approximately $35,000. Creekmur Asset Management LLC purchased a new stake in Compañía de Minas Buenaventura S.A.A. during the fourth quarter valued at $60,000. Headlands Technologies LLC bought a new position in Compañía de Minas Buenaventura S.A.A. during the second quarter valued at $80,000. GAMMA Investing LLC grew its stake in shares of Compañía de Minas Buenaventura S.A.A. by 16.8% in the 2nd quarter. GAMMA Investing LLC now owns 4,968 shares of the mining company’s stock worth $84,000 after buying an additional 716 shares in the last quarter. Finally, Liontrust Investment Partners LLP bought a new stake in shares of Compañía de Minas Buenaventura S.A.A. in the 2nd quarter worth about $108,000.

Compañía de Minas Buenaventura S.A.A. Trading Up 3.2 %

Compañía de Minas Buenaventura S.A.A. stock opened at $14.29 on Friday. Compañía de Minas Buenaventura S.A.A. has a 12-month low of $7.73 and a 12-month high of $18.84. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.40. The firm has a 50-day moving average price of $13.86 and a 200-day moving average price of $15.85.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last announced 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). Compañía de Minas Buenaventura S.A.A. had a net margin of 9.54% and a return on equity of 3.17%. The business had revenue of $277.11 million for the quarter, compared to analysts’ expectations of $252.21 million. During the same quarter last year, the firm earned ($0.03) EPS. Research analysts expect that Compañía de Minas Buenaventura S.A.A. will post 1.23 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BVN. Scotiabank dropped their price target on Compañía de Minas Buenaventura S.A.A. from $16.00 to $15.00 and set a “sector underperform” rating for the company in a research report on Monday, August 19th. Morgan Stanley dropped their target price on Compañía de Minas Buenaventura S.A.A. from $21.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday, September 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.