Millennium Management LLC Acquires 109,709 Shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)

Millennium Management LLC lifted its position in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) by 104.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,796 shares of the mining company’s stock after acquiring an additional 109,709 shares during the quarter. Millennium Management LLC’s holdings in Compañía de Minas Buenaventura S.A.A. were worth $3,641,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BVN. Van ECK Associates Corp grew its stake in shares of Compañía de Minas Buenaventura S.A.A. by 18.1% in the 1st quarter. Van ECK Associates Corp now owns 32,065,440 shares of the mining company’s stock worth $509,199,000 after acquiring an additional 4,912,454 shares in the last quarter. Tidal Investments LLC purchased a new stake in shares of Compañía de Minas Buenaventura S.A.A. in the first quarter worth about $63,988,000. Mirae Asset Global Investments Co. Ltd. raised its stake in 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 in the last quarter. Jane Street Group LLC grew its position in Compañía de Minas Buenaventura S.A.A. by 189.8% during the first quarter. Jane Street Group LLC now owns 346,379 shares of the mining company’s stock valued at $5,500,000 after acquiring an additional 732,158 shares during the last quarter. Finally, Swedbank AB bought a new position in Compañía de Minas Buenaventura S.A.A. during the first quarter valued at approximately $7,082,000.

Compañía de Minas Buenaventura S.A.A. Stock Down 0.7 %

Shares of NYSE BVN opened at $13.69 on Monday. The company has a current ratio of 1.40, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. Compañía de Minas Buenaventura S.A.A. has a one year low of $7.73 and a one year high of $18.84. The firm’s 50 day simple moving average is $13.46 and its two-hundred day simple moving average is $15.58.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last issued 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 return on equity of 3.17% and a net margin of 9.54%. The firm had revenue of $277.11 million during the quarter, compared to the consensus estimate of $252.21 million. During the same quarter in the prior year, the business posted ($0.03) EPS. As a group, sell-side analysts anticipate that Compañía de Minas Buenaventura S.A.A. will post 1.23 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on BVN shares. Morgan Stanley reduced their price target on shares of Compañía de Minas Buenaventura S.A.A. from $21.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, September 19th. Scotiabank reduced their price target on shares of 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 report 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.