Westwood Global Investments LLC Sells 95,526 Shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)

Westwood Global Investments LLC decreased its position in shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) by 0.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,860,194 shares of the mining company’s stock after selling 95,526 shares during the period. Compañía de Minas Buenaventura S.A.A. comprises 10.9% of Westwood Global Investments LLC’s portfolio, making the stock its 5th biggest position. Westwood Global Investments LLC owned about 5.06% of Compañía de Minas Buenaventura S.A.A. worth $217,980,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of BVN. GAMMA Investing LLC raised its stake in shares of Compañía de Minas Buenaventura S.A.A. by 16.8% in the second quarter. GAMMA Investing LLC now owns 4,968 shares of the mining company’s stock worth $84,000 after acquiring an additional 716 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Compañía de Minas Buenaventura S.A.A. in the second quarter valued at approximately $35,000. Quadrant Capital Group LLC raised its position in Compañía de Minas Buenaventura S.A.A. by 20.4% in the 4th quarter. Quadrant Capital Group LLC now owns 13,472 shares of the mining company’s stock worth $205,000 after purchasing an additional 2,281 shares during the last quarter. Rhumbline Advisers lifted its holdings in Compañía de Minas Buenaventura S.A.A. by 6.9% during the 2nd quarter. Rhumbline Advisers now owns 59,819 shares of the mining company’s stock worth $1,014,000 after buying an additional 3,877 shares in the last quarter. Finally, Creekmur Asset Management LLC bought a new position in Compañía de Minas Buenaventura S.A.A. in the 4th quarter valued at $60,000.

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

BVN opened at $13.53 on Monday. The company has a fifty day moving average price of $14.46 and a two-hundred day moving average price of $15.98. The firm has a market capitalization of $3.44 billion, a PE ratio of 225.50 and a beta of 0.81. Compañía de Minas Buenaventura S.A.A. has a 52 week low of $7.73 and a 52 week high of $18.84. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.40.

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 return on equity of 3.17% and a net margin of 9.54%. The company had revenue of $277.11 million for the quarter, compared to analyst estimates of $252.21 million. During the same period last year, the firm earned ($0.03) earnings per share. As a group, analysts anticipate that Compañía de Minas Buenaventura S.A.A. will post 1.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BVN. Morgan Stanley raised Compañía de Minas Buenaventura S.A.A. from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $19.00 to $21.00 in a research note on Friday, June 21st. Scotiabank cut their target price 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.

About Compañía de Minas Buenaventura S.A.A.

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.