JPMorgan Chase & Co. Acquires 318,799 Shares of Compania de Minas Buenaventura SAA (NYSE:BVN)

JPMorgan Chase & Co. lifted its holdings in Compania de Minas Buenaventura SAA (NYSE:BVN) by 882.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 354,918 shares of the mining company’s stock after acquiring an additional 318,799 shares during the quarter. JPMorgan Chase & Co.’s holdings in Compania de Minas Buenaventura SAA were worth $5,870,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in BVN. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Compania de Minas Buenaventura SAA by 1.1% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 82,900 shares of the mining company’s stock worth $1,433,000 after purchasing an additional 900 shares in the last quarter. Comerica Bank boosted its position in Compania de Minas Buenaventura SAA by 9.1% during the 1st quarter. Comerica Bank now owns 17,505 shares of the mining company’s stock valued at $302,000 after acquiring an additional 1,457 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Compania de Minas Buenaventura SAA by 49.5% during the 1st quarter. Signaturefd LLC now owns 6,524 shares of the mining company’s stock worth $113,000 after acquiring an additional 2,159 shares during the period. Pictet Asset Management Ltd. grew its holdings in shares of Compania de Minas Buenaventura SAA by 0.5% during the 1st quarter. Pictet Asset Management Ltd. now owns 418,071 shares of the mining company’s stock worth $7,071,000 after acquiring an additional 2,205 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Compania de Minas Buenaventura SAA by 0.5% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 647,370 shares of the mining company’s stock worth $11,187,000 after acquiring an additional 3,014 shares during the period. 61.15% of the stock is currently owned by institutional investors and hedge funds.

NYSE BVN traded up $0.36 during trading hours on Wednesday, reaching $14.36. 12,428 shares of the company’s stock traded hands, compared to its average volume of 1,224,788. Compania de Minas Buenaventura SAA has a 52-week low of $12.10 and a 52-week 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 simple moving average of $15.28 and a 200 day simple moving average of $15.98. The firm has a market cap of $3.60 billion, a PE ratio of 45.13 and a beta of 0.48.



Compania de Minas Buenaventura SAA (NYSE:BVN) last announced its quarterly earnings data on Thursday, July 25th. The mining company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.04). Compania de Minas Buenaventura SAA had a positive return on equity of 1.37% and a negative net margin of 4.37%. The business had revenue of $216.15 million during the quarter, compared to analysts’ expectations of $259.47 million. Sell-side analysts forecast that Compania de Minas Buenaventura SAA will post 0.54 EPS for the current fiscal year.

A number of research analysts have recently commented on the company. ValuEngine cut Compania de Minas Buenaventura SAA from a “buy” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research raised Compania de Minas Buenaventura SAA from a “sell” rating to a “hold” rating in a research note on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Compania de Minas Buenaventura SAA has an average rating of “Hold” and a consensus price target of $17.50.

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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Institutional Ownership by Quarter for Compania de Minas Buenaventura SAA (NYSE:BVN)

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