Tobam Lowers Stock Holdings in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)

Tobam lowered its holdings in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) by 89.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,003 shares of the mining company’s stock after selling 70,736 shares during the period. Tobam’s holdings in Compañía de Minas Buenaventura S.A.A. were worth $136,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC acquired a new position in Compañía de Minas Buenaventura S.A.A. in the fourth quarter valued at $58,000. Creekmur Asset Management LLC acquired a new position in shares of Compañía de Minas Buenaventura S.A.A. during the fourth quarter worth about $60,000. Liontrust Investment Partners LLP acquired a new position in shares of Compañía de Minas Buenaventura S.A.A. during the second quarter worth about $108,000. Barometer Capital Management Inc. acquired a new position in shares of Compañía de Minas Buenaventura S.A.A. during the fourth quarter worth about $120,000. Finally, Bayesian Capital Management LP acquired a new position in shares of Compañía de Minas Buenaventura S.A.A. during the first quarter worth about $182,000.

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

Shares of NYSE BVN traded down $0.44 during midday trading on Friday, hitting $12.28. 464,570 shares of the company’s stock were exchanged, compared to its average volume of 1,379,883. The firm has a market cap of $3.12 billion, a P/E ratio of 203.67 and a beta of 0.83. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.40 and a quick ratio of 1.14. Compañía de Minas Buenaventura S.A.A. has a twelve month low of $7.73 and a twelve month high of $18.84. The stock’s 50 day moving average price is $15.48 and its 200-day moving average price is $16.22.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last announced its quarterly earnings data on Tuesday, July 30th. The mining company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $277.11 million for the quarter, compared to analyst estimates of $252.21 million. During the same quarter last year, the company posted ($0.03) EPS. Equities research analysts anticipate that Compañía de Minas Buenaventura S.A.A. will post 1.41 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on BVN. Scotiabank cut their price target 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. Morgan Stanley raised Compañía de Minas Buenaventura S.A.A. from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $19.00 to $21.00 in a report on Friday, June 21st.

Compañía de Minas Buenaventura S.A.A. Company 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.