Van ECK Associates Corp Reduces Stock Holdings in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)

Van ECK Associates Corp lowered its position in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) by 29.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,559,878 shares of the mining company’s stock after selling 8,827,779 shares during the quarter. Van ECK Associates Corp owned about 8.49% of Compañía de Minas Buenaventura S.A.A. worth $291,273,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Tidal Investments LLC acquired a new position in Compañía de Minas Buenaventura S.A.A. in the first quarter valued at about $63,988,000. Jane Street Group LLC lifted its position in Compañía de Minas Buenaventura S.A.A. by 189.8% in the first quarter. Jane Street Group LLC now owns 346,379 shares of the mining company’s stock valued at $5,500,000 after buying an additional 732,158 shares during the last quarter. Swedbank AB acquired a new position in Compañía de Minas Buenaventura S.A.A. in the first quarter valued at about $7,082,000. Dorsey Wright & Associates acquired a new position in Compañía de Minas Buenaventura S.A.A. in the second quarter valued at about $2,590,000. Finally, Acadian Asset Management LLC lifted its position in Compañía de Minas Buenaventura S.A.A. by 65.2% in the second quarter. Acadian Asset Management LLC now owns 326,206 shares of the mining company’s stock valued at $5,527,000 after buying an additional 128,736 shares during the last quarter.

Compañía de Minas Buenaventura S.A.A. Stock Down 3.2 %

Shares of NYSE BVN traded down $0.42 during midday trading on Friday, hitting $12.64. The company’s stock had a trading volume of 1,827,778 shares, compared to its average volume of 1,379,712. The business’s fifty day simple moving average is $13.21 and its two-hundred day simple moving average is $15.32. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.40 and a quick ratio of 1.17. Compañía de Minas Buenaventura S.A.A. has a 1 year low of $8.17 and a 1 year high of $18.84. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 8.96 and a beta of 0.83.

Wall Street Analyst Weigh In

BVN has been the topic of a number of recent analyst reports. Morgan Stanley decreased their target price 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.