Candriam S.C.A. Takes $3.65 Million Position in Buenaventura Mining Company Inc. $BVN

Key Points

• Candriam S.C.A. has invested approximately $3.65 million in Buenaventura Mining Company, purchasing 233,319 shares in the first quarter.
• Buenaventura Mining recently reported a quarterly earnings per share (EPS) of $0.40, exceeding analysts' expectations of $0.30.
• Despite positive earnings, Wall Street Zen downgraded Buenaventura Mining's stock rating from "buy" to "hold", reflecting a cautious outlook amid market conditions.

Candriam S.C.A. purchased a new stake in Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 233,319 shares of the mining company's stock, valued at approximately $3,647,000. Candriam S.C.A. owned 0.09% of Buenaventura Mining at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group grew its holdings in Buenaventura Mining by 1,363.9% during the 1st quarter. Brooklyn Investment Group now owns 1,947 shares of the mining company's stock valued at $30,000 after buying an additional 1,814 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Buenaventura Mining in the 1st quarter valued at $36,000. Headlands Technologies LLC acquired a new position in shares of Buenaventura Mining during the first quarter worth about $37,000. Voya Investment Management LLC purchased a new position in Buenaventura Mining in the 4th quarter worth approximately $144,000. Finally, Cetera Investment Advisers purchased a new position in Buenaventura Mining in the 1st quarter valued at about $157,000.

Buenaventura Mining Stock Performance

NYSE BVN traded up $0.17 on Thursday, hitting $18.79. The stock had a trading volume of 114,158 shares, compared to its average volume of 1,012,363. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 9.54 and a beta of 0.34. 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 Company Inc. has a one year low of $11.50 and a one year high of $19.04. The company's 50-day moving average is $17.32 and its two-hundred day moving average is $15.52.

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, beating analysts' consensus estimates of $0.30 by $0.10. Buenaventura Mining had a net margin of 38.38% and a return on equity of 9.47%. The company had revenue of $369.50 million during the quarter, compared to the consensus estimate of $338.29 million. On average, analysts expect that Buenaventura Mining Company Inc. will post 1.13 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut 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 issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $16.75.

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.