Buenaventura Mining Company Inc. (NYSE:BVN) Shares Bought by Skandinaviska Enskilda Banken AB publ

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 boosted its position in Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) by 35.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,100 shares of the mining company's stock after buying an additional 18,800 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Buenaventura Mining were worth $1,127,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Buenaventura Mining during the 1st quarter worth $36,000. Voya Investment Management LLC acquired a new position in shares of Buenaventura Mining during the 4th quarter worth $144,000. Cetera Investment Advisers acquired a new position in shares of Buenaventura Mining during the 1st quarter worth $157,000. Bridgefront Capital LLC acquired a new position in shares of Buenaventura Mining during the 4th quarter worth $158,000. Finally, Quadrant Capital Group LLC raised its stake in shares of Buenaventura Mining by 13.0% during the 4th quarter. Quadrant Capital Group LLC now owns 15,217 shares of the mining company's stock worth $175,000 after buying an additional 1,749 shares during the last quarter.

Buenaventura Mining Price Performance

BVN stock traded up $0.05 during trading on Friday, hitting $17.06. The stock had a trading volume of 549,191 shares, compared to its average volume of 796,655. The company's 50 day moving average price is $16.52 and its two-hundred day moving average price is $14.85. Buenaventura Mining Company Inc. has a 1-year low of $11.50 and a 1-year high of $17.98. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 8.66 and a beta of 0.34. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.58 and a current ratio of 1.75.

Buenaventura Mining (NYSE:BVN - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The mining company reported $0.40 EPS 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 9.63%. The company had revenue of $369.50 million during the quarter, compared to the consensus estimate of $338.29 million. On average, sell-side analysts forecast that Buenaventura Mining Company Inc. will post 1.13 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wall Street Zen raised Buenaventura Mining from a "hold" rating to a "buy" rating in a research note on Saturday. Scotiabank boosted their target price on shares of Buenaventura Mining from $15.00 to $15.50 and gave the company a "sector perform" rating in a research note on Monday, April 14th.

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.