1,707,359 Shares in Buenaventura Mining Company Inc. (NYSE:BVN) Purchased by Helikon Investments Ltd

Key Points

• Helikon Investments Ltd has acquired over 1.7 million shares of Buenaventura Mining Company Inc., valued at approximately $26.7 million, making it the firm's 13th largest position.
• Multiple institutional investors, including GAMMA Investing LLC and BNP Paribas Financial Markets, have significantly increased their stakes in Buenaventura Mining, showcasing growing interest in the company.
• Buenaventura Mining reported a quarterly earnings per share (EPS) of $0.40, exceeding analysts' expectations, with revenue of $369.5 million for the quarter.

Helikon Investments Ltd purchased a new position in Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,707,359 shares of the mining company's stock, valued at approximately $26,686,000. Buenaventura Mining accounts for about 2.0% of Helikon Investments Ltd's portfolio, making the stock its 13th largest position. Helikon Investments Ltd owned 0.67% of Buenaventura Mining as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Citigroup Inc. raised its position in shares of Buenaventura Mining by 23.4% during the 1st quarter. Citigroup Inc. now owns 453,933 shares of the mining company's stock valued at $7,095,000 after purchasing an additional 85,994 shares during the period. Headlands Technologies LLC purchased a new position in Buenaventura Mining during the first quarter valued at $37,000. Deutsche Bank AG grew its stake in Buenaventura Mining by 4.0% during the first quarter. Deutsche Bank AG now owns 193,163 shares of the mining company's stock valued at $3,019,000 after acquiring an additional 7,358 shares in the last quarter. Mackenzie Financial Corp purchased a new position in Buenaventura Mining during the first quarter valued at $819,000. Finally, Skandinaviska Enskilda Banken AB publ grew its stake in Buenaventura Mining by 35.3% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 72,100 shares of the mining company's stock valued at $1,127,000 after acquiring an additional 18,800 shares in the last quarter.

Buenaventura Mining Stock Down 0.9%

Shares of NYSE:BVN traded down $0.16 during trading hours on Monday, hitting $18.17. The company's stock had a trading volume of 347,532 shares, compared to its average volume of 942,567. The firm's fifty day moving average price is $16.88 and its 200 day moving average price is $15.09. 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 Company Inc. has a 52 week low of $11.50 and a 52 week high of $18.79. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 9.22 and a beta of 0.34.

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

Wall Street Analysts Forecast Growth

BVN has been the subject of a number of recent research reports. Scotiabank lifted their price objective on shares of Buenaventura Mining from $15.00 to $15.50 and gave the stock a "sector perform" rating in a research note on Monday, April 14th. Wall Street Zen cut shares of Buenaventura Mining from a "buy" rating to a "hold" rating in a research note on Sunday.

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.