Stevens Capital Management LP purchased a new stake in Buenaventura Mining Company Inc. (NYSE:BVN) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 29,120 shares of the mining company’s stock, valued at approximately $372,000.
Other institutional investors also recently added to or reduced their stakes in the company. Empirical Finance LLC purchased a new position in shares of Buenaventura Mining during the 3rd quarter worth $140,000. KCG Holdings Inc. purchased a new stake in Buenaventura Mining in the 1st quarter valued at about $233,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in Buenaventura Mining by 23.2% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 20,697 shares of the mining company’s stock valued at $265,000 after buying an additional 3,897 shares during the period. Voya Investment Management LLC raised its holdings in Buenaventura Mining by 18.7% in the 2nd quarter. Voya Investment Management LLC now owns 27,338 shares of the mining company’s stock valued at $314,000 after buying an additional 4,303 shares during the period. Finally, Aviva PLC raised its holdings in Buenaventura Mining by 5.6% in the 2nd quarter. Aviva PLC now owns 35,772 shares of the mining company’s stock valued at $411,000 after buying an additional 1,900 shares during the period. 45.30% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages recently issued reports on BVN. Zacks Investment Research upgraded shares of Buenaventura Mining from a “sell” rating to a “hold” rating in a report on Wednesday, November 22nd. Scotiabank raised Buenaventura Mining from an “underperform” rating to a “sector perform” rating in a research report on Monday, October 30th. Morgan Stanley raised Buenaventura Mining from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $13.00 to $17.30 in a research report on Monday, September 25th. Finally, BidaskClub raised Buenaventura Mining from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $16.65.
Shares of Buenaventura Mining Company Inc. (NYSE:BVN) traded down $0.29 during trading on Monday, hitting $13.67. The stock had a trading volume of 902,878 shares, compared to its average volume of 1,379,726. Buenaventura Mining Company Inc. has a 1-year low of $9.87 and a 1-year high of $14.96. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.21 and a quick ratio of 0.95.
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Buenaventura Mining Profile
Compania de Minas Buenaventura SAA. (Buenaventura) is a precious metals company. The Company is engaged in the exploration, mining and processing of gold, silver and other metals in Peru. The Company’s segments include Production and sale of minerals; Exploration and development activities; Construction and engineering services; Energy generation and transmission services; Insurance brokerage; Rental of mining concessions; Holding of investment in shares (mainly in Minera Yanacocha S.R.L.
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