Amundi Cuts Stake in Buenaventura Mining Company Inc. $BVN

Key Points

• Amundi has reduced its holdings in Buenaventura Mining Company by 9.4%, now owning 984,131 shares valued at approximately $14.38 million.
• Other institutional investors, such as GAMMA Investing LLC and BNP Paribas Financial Markets, have significantly increased their stakes in Buenaventura Mining, with BNP Paribas reporting a remarkable 1,534.8% increase in the last quarter.
• Buenaventura Mining's stock has seen a 2.1% decline recently, currently priced at about $19.60, with analysts setting a consensus target price of $16.75.

Amundi cut its holdings in shares of Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) by 9.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 984,131 shares of the mining company's stock after selling 102,007 shares during the period. Amundi owned 0.39% of Buenaventura Mining worth $14,378,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Vident Advisory LLC increased its stake in shares of Buenaventura Mining by 70.1% during the first quarter. Vident Advisory LLC now owns 91,093 shares of the mining company's stock valued at $1,424,000 after buying an additional 37,545 shares during the period. Jump Financial LLC increased its stake in shares of Buenaventura Mining by 74.3% during the first quarter. Jump Financial LLC now owns 76,498 shares of the mining company's stock valued at $1,196,000 after buying an additional 32,612 shares during the period. APG Asset Management N.V. grew its stake in Buenaventura Mining by 33.2% in the first quarter. APG Asset Management N.V. now owns 26,487 shares of the mining company's stock worth $383,000 after purchasing an additional 6,600 shares during the period. Candriam S.C.A. purchased a new stake in Buenaventura Mining in the first quarter worth $3,647,000. Finally, Erste Asset Management GmbH purchased a new stake in Buenaventura Mining in the first quarter worth $349,000.

Analyst Ratings Changes

Separately, Wall Street Zen cut Buenaventura Mining from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $16.75.

Buenaventura Mining Stock Down 0.6%

BVN stock traded down $0.13 during midday trading on Friday, hitting $20.05. The stock had a trading volume of 680,499 shares, compared to its average volume of 983,117. The firm has a market cap of $5.09 billion, a price-to-earnings ratio of 10.18 and a beta of 0.28. The business has a 50-day moving average of $18.12 and a two-hundred day moving average of $16.07. Buenaventura Mining Company Inc. has a 52-week low of $11.50 and a 52-week high of $20.49. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.54 and a quick ratio of 2.31.

Buenaventura Mining (NYSE:BVN - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The mining company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.10. Buenaventura Mining had a return on equity of 9.47% and a net margin of 38.38%.The company had revenue of $369.50 million for the quarter, compared to analysts' expectations of $338.29 million. As a group, equities research analysts forecast that Buenaventura Mining Company Inc. will post 1.13 earnings per share for the current fiscal year.

About Buenaventura Mining

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.