Commerzbank Aktiengesellschaft FI trimmed its position in Buenaventura Mining Company Inc. (NYSE:BVN) by 8.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 242,008 shares of the mining company’s stock after selling 21,617 shares during the period. Commerzbank Aktiengesellschaft FI owned about 0.10% of Buenaventura Mining worth $3,095,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Empirical Finance LLC purchased a new position in Buenaventura Mining in the third quarter worth about $140,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Buenaventura Mining by 23.2% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 20,697 shares of the mining company’s stock worth $265,000 after buying an additional 3,897 shares during the period. Voya Investment Management LLC raised its stake in shares of Buenaventura Mining by 18.7% in the second quarter. Voya Investment Management LLC now owns 27,338 shares of the mining company’s stock worth $314,000 after buying an additional 4,303 shares during the period. Stevens Capital Management LP bought a new position in shares of Buenaventura Mining in the third quarter worth about $372,000. Finally, Aviva PLC raised its stake in shares of Buenaventura Mining by 5.6% in the second quarter. Aviva PLC now owns 35,772 shares of the mining company’s stock worth $411,000 after buying an additional 1,900 shares during the period. 45.30% of the stock is currently owned by institutional investors and hedge funds.
BVN has been the topic of several recent research reports. BidaskClub raised Buenaventura Mining from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Zacks Investment Research raised Buenaventura Mining from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Tuesday, October 24th. Morgan Stanley raised Buenaventura Mining from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $13.00 to $17.30 in a research note on Monday, September 25th. Finally, Scotiabank raised Buenaventura Mining from an “underperform” rating to a “sector perform” rating in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $16.65.
Buenaventura Mining Company Inc. (BVN) opened at $13.67 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 0.95 and a debt-to-equity ratio of 0.16. Buenaventura Mining Company Inc. has a 12 month low of $9.87 and a 12 month high of $14.96.
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About Buenaventura Mining
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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