Buenaventura Mining Company Inc. $BVN Shares Bought by Jump Financial LLC

Key Points

• Jump Financial LLC increased its holdings in Buenaventura Mining by 74.3% during the first quarter, acquiring an additional 32,612 shares to reach a total of 76,498 shares valued at approximately $1.2 million.
• Several hedge funds, including APG Asset Management N.V. and Northern Trust Corp, also boosted their stakes in Buenaventura Mining, reflecting a trend of increased institutional interest in the company.
• Wall Street analyst ratings for Buenaventura have shifted, with the stock being downgraded from a "buy" to a "hold" rating, while the consensus target price remains at $16.75.

Jump Financial LLC raised its holdings in Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) by 74.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 76,498 shares of the mining company's stock after purchasing an additional 32,612 shares during the period. Jump Financial LLC's holdings in Buenaventura Mining were worth $1,196,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Tidal Investments LLC lifted its position in shares of Buenaventura Mining by 56.6% in the fourth quarter. Tidal Investments LLC now owns 3,332,263 shares of the mining company's stock valued at $38,388,000 after acquiring an additional 1,204,879 shares in the last quarter. Helikon Investments Ltd purchased a new position in shares of Buenaventura Mining in the first quarter valued at approximately $26,686,000. Northern Trust Corp lifted its position in shares of Buenaventura Mining by 32.9% in the first quarter. Northern Trust Corp now owns 1,642,557 shares of the mining company's stock valued at $25,673,000 after acquiring an additional 406,641 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Buenaventura Mining by 0.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,252,971 shares of the mining company's stock valued at $14,434,000 after acquiring an additional 9,808 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Buenaventura Mining by 4.4% in the first quarter. American Century Companies Inc. now owns 553,021 shares of the mining company's stock valued at $8,644,000 after acquiring an additional 23,063 shares in the last quarter.

Buenaventura Mining Trading Up 0.8%

Buenaventura Mining stock traded up $0.16 during trading on Wednesday, reaching $19.80. 734,714 shares of the company were exchanged, compared to its average volume of 1,016,896. Buenaventura Mining Company Inc. has a 52-week low of $11.50 and a 52-week high of $20.19. The company has a market capitalization of $5.02 billion, a P/E ratio of 10.07 and a beta of 0.28. 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 stock's 50 day simple moving average is $17.56 and its two-hundred day simple moving average is $15.71.

Buenaventura Mining (NYSE:BVN - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $369.50 million for the quarter, compared to the consensus estimate of $338.29 million. On average, equities research analysts expect that Buenaventura Mining Company Inc. will post 1.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Buenaventura Mining from a "buy" rating to a "hold" rating in a research report 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 stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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.