Squarepoint Ops LLC Raises Holdings in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)

Squarepoint Ops LLC lifted its holdings in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) by 239.9% during the second quarter, Holdings Channel reports. The institutional investor owned 97,905 shares of the mining company’s stock after purchasing an additional 69,105 shares during the quarter. Squarepoint Ops LLC’s holdings in Compañía de Minas Buenaventura S.A.A. were worth $1,659,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Van ECK Associates Corp lifted its holdings 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 acquiring an additional 4,912,454 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Compañía de Minas Buenaventura S.A.A. by 20.6% in the first 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 period. Tidal Investments LLC purchased a new stake in Compañía de Minas Buenaventura S.A.A. during the first quarter worth about $63,988,000. Swedbank AB acquired a new position in Compañía de Minas Buenaventura S.A.A. during the first quarter worth about $7,082,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Compañía de Minas Buenaventura S.A.A. by 5.8% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 367,011 shares of the mining company’s stock valued at $5,828,000 after buying an additional 20,000 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BVN. Morgan Stanley decreased their price target on Compañía de Minas Buenaventura S.A.A. from $21.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, September 19th. Scotiabank reduced their price objective 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 report on Monday, August 19th.

Compañía de Minas Buenaventura S.A.A. Price Performance

Shares of NYSE BVN opened at $14.07 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average price is $13.66 and its 200 day moving average price is $15.74. Compañía de Minas Buenaventura S.A.A. has a 52 week low of $7.73 and a 52 week high of $18.84. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 235.00 and a beta of 0.82.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last released its quarterly earnings results on Tuesday, July 30th. The mining company reported $0.28 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 during the quarter, compared to analyst estimates of $252.21 million. During the same quarter in the prior year, the company earned ($0.03) earnings per share. As a group, research analysts forecast that Compañía de Minas Buenaventura S.A.A. will post 1.23 earnings per share for the current fiscal year.

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.