Compania de Minas Buenaventura SAA Target of Unusually Large Options Trading (NYSE:BVN)

Compania de Minas Buenaventura SAA (NYSE:BVN) saw unusually large options trading on Wednesday. Investors acquired 4,046 put options on the company. This represents an increase of approximately 5,295% compared to the typical daily volume of 75 put options.

NYSE:BVN traded up $0.04 during trading hours on Thursday, reaching $14.31. 125,489 shares of the company were exchanged, compared to its average volume of 1,373,533. The firm has a market capitalization of $3.86 billion, a P/E ratio of 44.59 and a beta of 0.57. Compania de Minas Buenaventura SAA has a 1-year low of $11.67 and a 1-year high of $17.85. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.77 and a quick ratio of 1.44. The firm has a 50 day moving average of $16.27.

Separately, Zacks Investment Research upgraded Compania de Minas Buenaventura SAA from a “sell” rating to a “hold” rating in a research note on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Compania de Minas Buenaventura SAA currently has a consensus rating of “Hold” and an average target price of $17.50.



Large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Compania de Minas Buenaventura SAA by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 380,221 shares of the mining company’s stock valued at $6,158,000 after acquiring an additional 3,319 shares in the last quarter. Deltec Asset Management LLC boosted its holdings in shares of Compania de Minas Buenaventura SAA by 11.0% during the 1st quarter. Deltec Asset Management LLC now owns 50,300 shares of the mining company’s stock valued at $869,000 after acquiring an additional 5,000 shares in the last quarter. Oldfield Partners LLP boosted its holdings in shares of Compania de Minas Buenaventura SAA by 0.4% during the 1st quarter. Oldfield Partners LLP now owns 4,368,545 shares of the mining company’s stock valued at $75,489,000 after acquiring an additional 19,100 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of Compania de Minas Buenaventura SAA by 21.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 317,973 shares of the mining company’s stock valued at $5,495,000 after acquiring an additional 56,165 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Compania de Minas Buenaventura SAA by 6.9% during the 1st quarter. Bank of Montreal Can now owns 66,657 shares of the mining company’s stock valued at $1,152,000 after acquiring an additional 4,291 shares in the last quarter. 59.60% of the stock is currently owned by institutional investors and hedge funds.

About Compania de Minas Buenaventura SAA

Compañía de Minas Buenaventura SAA., a precious metals company, engages in the exploration, mining, and processing of gold, silver, lead, zinc, and copper metals in Peru, the United States, Europe, and Asia. The company operates five operating mining units, including Uchucchacua, Orcopampa, Julcani, Mallay, and Tambomayo in Peru; and San Gabriel, a mining unit under development stage.

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