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

A number of other institutional investors and hedge funds have also made changes to their positions in BVN. 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 purchased a new position in shares of Buenaventura Mining in the 1st quarter valued at $37,000. Voya Investment Management LLC purchased a new position in shares of Buenaventura Mining in the 4th quarter valued at $144,000. Cetera Investment Advisers purchased a new position in shares of Buenaventura Mining in the 1st quarter valued at $157,000. Finally, Bridgefront Capital LLC purchased a new position in shares of Buenaventura Mining in the 4th quarter valued at $158,000.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Buenaventura Mining from a "buy" rating to a "hold" rating in a research note on Sunday.

Buenaventura Mining Stock Performance

BVN traded up $0.14 on Wednesday, reaching $18.42. 445,598 shares of the stock were exchanged, compared to its average volume of 1,017,149. The company's 50-day moving average price is $16.93 and its 200 day moving average price is $15.11. Buenaventura Mining Company Inc. has a fifty-two week low of $11.50 and a fifty-two week high of $18.79. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.54 and a quick ratio of 2.31. The firm has a market capitalization of $4.67 billion, a PE ratio of 9.35 and a beta of 0.34.

Buenaventura Mining (NYSE:BVN - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The mining company reported $0.40 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $338.29 million. As a group, sell-side analysts forecast that Buenaventura Mining Company Inc. will post 1.13 EPS for the current fiscal year.

Buenaventura Mining 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.