Rhumbline Advisers Trims Stock Holdings in Buenaventura Mining Company Inc. $BVN

Key Points

• Rhumbline Advisers reduced its stake in Buenaventura Mining by 14.3%, ending with 75,182 shares valued at $1,175,000.
• Other institutional investors made significant moves, including MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increasing its stake by 12.0% and Northern Trust Corp raising holdings by 32.9% in the same period.
• Buenaventura Mining reported $0.40 EPS for the last quarter, surpassing estimates of $0.30, with a revenue of $369.50 million compared to a forecast of $338.29 million.

Rhumbline Advisers lessened its position in shares of Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) by 14.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 75,182 shares of the mining company's stock after selling 12,596 shares during the quarter. Rhumbline Advisers' holdings in Buenaventura Mining were worth $1,175,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Brooklyn Investment Group lifted its position in shares of Buenaventura Mining by 1,363.9% in the first quarter. Brooklyn Investment Group now owns 1,947 shares of the mining company's stock valued at $30,000 after acquiring an additional 1,814 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in Buenaventura Mining in the 1st quarter worth about $36,000. Headlands Technologies LLC bought a new position in Buenaventura Mining during the 1st quarter worth about $37,000. Cetera Investment Advisers purchased a new position in shares of Buenaventura Mining in the 1st quarter valued at $157,000. Finally, GAMMA Investing LLC grew its holdings in Buenaventura Mining by 17.1% in the first quarter. GAMMA Investing LLC now owns 11,382 shares of the mining company's stock worth $178,000 after purchasing an additional 1,665 shares during the last quarter.

Buenaventura Mining Stock Performance

NYSE BVN traded up $0.58 during trading hours on Tuesday, hitting $22.11. The company had a trading volume of 232,860 shares, compared to its average volume of 1,047,984. The business has a 50 day moving average of $18.60 and a 200-day moving average of $16.42. Buenaventura Mining Company Inc. has a 1-year low of $11.50 and a 1-year high of $22.25. The company has a market cap of $5.61 billion, a PE ratio of 11.24 and a beta of 0.28. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.31 and a current ratio of 2.54.

Buenaventura Mining (NYSE:BVN - Get Free Report) last announced its 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 net margin of 38.38% and a return on equity of 9.47%. The business had revenue of $369.50 million during the quarter, compared to the consensus estimate of $338.29 million. As a group, equities research analysts expect that Buenaventura Mining Company Inc. will post 1.13 EPS for the current year.

Analyst Ratings Changes

BVN has been the topic of several recent research reports. Wall Street Zen downgraded shares of Buenaventura Mining from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Zacks Research upgraded shares of Buenaventura Mining from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $15.50.

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.