Sumitomo Mitsui Trust Holdings Inc. Grows Stake in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)

Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) by 5.8% in the first quarter, Holdings Channel reports. The firm owned 367,011 shares of the mining company’s stock after purchasing an additional 20,000 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Compañía de Minas Buenaventura S.A.A. were worth $5,828,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp bought a new stake in shares of Compañía de Minas Buenaventura S.A.A. during the 4th quarter worth $46,000. GAMMA Investing LLC bought a new stake in shares of Compañía de Minas Buenaventura S.A.A. during the 4th quarter worth $58,000. Creekmur Asset Management LLC bought a new stake in shares of Compañía de Minas Buenaventura S.A.A. during the 4th quarter worth $60,000. Barometer Capital Management Inc. bought a new stake in Compañía de Minas Buenaventura S.A.A. in the fourth quarter worth $120,000. Finally, Blue Trust Inc. lifted its stake in Compañía de Minas Buenaventura S.A.A. by 249.1% in the fourth quarter. Blue Trust Inc. now owns 8,081 shares of the mining company’s stock worth $123,000 after purchasing an additional 5,766 shares during the last quarter.

Analyst Ratings Changes

Several research firms have weighed in on BVN. Morgan Stanley raised shares of Compañía de Minas Buenaventura S.A.A. from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $19.00 to $21.00 in a research note on Friday, June 21st. StockNews.com raised shares of Compañía de Minas Buenaventura S.A.A. from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, Scotiabank boosted their price target on shares of Compañía de Minas Buenaventura S.A.A. from $15.00 to $16.00 and gave the stock a “sector underperform” rating in a research note on Thursday, May 23rd.

Compañía de Minas Buenaventura S.A.A. Price Performance

Compañía de Minas Buenaventura S.A.A. stock opened at $16.86 on Thursday. The firm has a fifty day simple moving average of $17.24 and a two-hundred day simple moving average of $16.23. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.32 and a quick ratio of 1.14. Compañía de Minas Buenaventura S.A.A. has a twelve month low of $7.22 and a twelve month high of $18.84.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last issued its quarterly earnings data on Monday, April 29th. The mining company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.11 by $0.13. The firm had revenue of $246.80 million during the quarter, compared to the consensus estimate of $171.25 million. Compañía de Minas Buenaventura S.A.A. had a net margin of 1.91% and a return on equity of 0.76%. On average, research analysts predict that Compañía de Minas Buenaventura S.A.A. will post 1.41 earnings per share for the current fiscal year.

About Compañía de Minas Buenaventura S.A.A.

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.