Buenaventura Mining Company Inc. $BVN Shares Sold by Amundi

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 decreased its position in shares of Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) by 9.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BVN. Voya Investment Management LLC purchased a new stake in Buenaventura Mining during the fourth quarter valued at approximately $144,000. Northern Trust Corp increased its stake in Buenaventura Mining by 105.3% during the 4th quarter. Northern Trust Corp now owns 1,235,916 shares of the mining company's stock valued at $14,238,000 after purchasing an additional 633,793 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Buenaventura Mining by 1,534.8% during the 4th quarter. BNP Paribas Financial Markets now owns 149,876 shares of the mining company's stock valued at $1,727,000 after purchasing an additional 140,708 shares in the last quarter. Lazard Asset Management LLC acquired a new position in Buenaventura Mining during the 4th quarter valued at approximately $5,204,000. Finally, Moore Capital Management LP acquired a new position in Buenaventura Mining during the 4th quarter valued at approximately $5,752,000.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Buenaventura Mining from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Buenaventura Mining presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.75.

Buenaventura Mining Stock Performance

Shares of NYSE:BVN traded up $0.57 during midday trading on Monday, reaching $20.64. The company's stock had a trading volume of 1,775,274 shares, compared to its average volume of 935,901. The firm has a market capitalization of $5.24 billion, a PE ratio of 10.48 and a beta of 0.28. Buenaventura Mining Company Inc. has a twelve month low of $11.50 and a twelve month high of $20.87. The stock has a fifty day moving average of $18.20 and a 200 day moving average of $16.17. The company has a quick ratio of 2.31, a current ratio of 2.54 and a debt-to-equity ratio of 0.23.

Buenaventura Mining (NYSE:BVN - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The mining company reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.10. The firm had revenue of $369.50 million for the quarter, compared to analyst estimates of $338.29 million. Buenaventura Mining had a net margin of 38.38% and a return on equity of 9.47%. On average, equities analysts expect that Buenaventura Mining Company Inc. will post 1.13 EPS for the current fiscal year.

Buenaventura Mining 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.