Skandinaviska Enskilda Banken AB publ Has $1.13 Million Stock Holdings in Buenaventura Mining Company Inc. (NYSE:BVN)

Key Points

• Skandinaviska Enskilda Banken AB increased its position in Buenaventura Mining by 35.3%, acquiring an additional 18,800 shares in the first quarter, bringing total holdings to 72,100 shares valued at $1,127,000.
• Buenaventura Mining's stock recently opened at $17.59, representing a market capitalization of $4.46 billion, with a 12-month price range between $11.50 and $17.98.
• Analysts recently adjusted ratings for Buenaventura Mining, with Wall Street Zen downgrading its rating from "buy" to "hold," while Scotiabank raised the target price from $15.00 to $15.50.

Skandinaviska Enskilda Banken AB publ grew its stake in shares of Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) by 35.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,100 shares of the mining company's stock after acquiring an additional 18,800 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Buenaventura Mining were worth $1,127,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of BVN. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Buenaventura Mining during the first quarter valued at approximately $36,000. Voya Investment Management LLC purchased a new position in Buenaventura Mining during the 4th quarter worth approximately $144,000. Cetera Investment Advisers purchased a new position in Buenaventura Mining in the 1st quarter valued at $157,000. Bridgefront Capital LLC purchased a new stake in shares of Buenaventura Mining in the fourth quarter valued at approximately $158,000. Finally, Quadrant Capital Group LLC raised its holdings in Buenaventura Mining by 13.0% during the fourth quarter. Quadrant Capital Group LLC now owns 15,217 shares of the mining company's stock worth $175,000 after purchasing an additional 1,749 shares during the last quarter.

Buenaventura Mining Stock Performance

BVN stock traded down $0.51 during trading on Wednesday, reaching $17.10. 1,218,738 shares of the stock were exchanged, compared to its average volume of 732,048. The company has a current ratio of 1.75, a quick ratio of 1.58 and a debt-to-equity ratio of 0.17. The stock has a 50 day simple moving average of $16.43 and a 200-day simple moving average of $14.78. The company has a market capitalization of $4.34 billion, a P/E ratio of 8.68 and a beta of 0.43. Buenaventura Mining Company Inc. has a twelve month low of $11.50 and a twelve month high of $17.98.

Buenaventura Mining (NYSE:BVN - Get Free Report) last issued its earnings results on Thursday, July 24th. The mining company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.30 by $0.10. Buenaventura Mining had a net margin of 38.38% and a return on equity of 9.63%. 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 anticipate that Buenaventura Mining Company Inc. will post 1.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BVN shares. Scotiabank upped their target price on Buenaventura Mining from $15.00 to $15.50 and gave the company a "sector perform" rating in a research note on Monday, April 14th. Wall Street Zen lowered Buenaventura Mining from a "buy" rating to a "hold" rating in a report on Friday, July 18th.

About Buenaventura Mining

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.