BNP Paribas Arbitrage SA Has $3.72 Million Position in Buenaventura Mining Company Inc. (BVN)
BNP Paribas Arbitrage SA reduced its position in shares of Buenaventura Mining Company Inc. (NYSE:BVN) by 18.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 323,285 shares of the mining company’s stock after selling 74,212 shares during the period. BNP Paribas Arbitrage SA owned 0.13% of Buenaventura Mining worth $3,718,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of BVN. Ronald Blue & Co. LLC bought a new stake in Buenaventura Mining during the first quarter worth about $127,000. ING Groep NV bought a new stake in Buenaventura Mining during the first quarter worth about $132,000. Virtu Financial LLC bought a new stake in Buenaventura Mining during the second quarter worth about $141,000. Stevens Capital Management LP bought a new stake in Buenaventura Mining during the first quarter worth about $148,000. Finally, Comerica Bank raised its stake in Buenaventura Mining by 1.3% in the first quarter. Comerica Bank now owns 15,760 shares of the mining company’s stock worth $183,000 after buying an additional 205 shares in the last quarter. 49.32% of the stock is currently owned by institutional investors.
Shares of Buenaventura Mining Company Inc. (NYSE:BVN) opened at 13.11 on Friday. The stock’s 50 day moving average price is $12.25 and its 200 day moving average price is $12.26. The firm’s market cap is $4.04 billion. Buenaventura Mining Company Inc. has a 12 month low of $9.87 and a 12 month high of $15.60.
Buenaventura Mining (NYSE:BVN) last issued its quarterly earnings results on Thursday, July 27th. The mining company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.24. The business had revenue of $256.73 million during the quarter, compared to analyst estimates of $327.50 million. Buenaventura Mining had a negative net margin of 33.54% and a negative return on equity of 11.01%. The company’s revenue for the quarter was down 10.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.22 earnings per share. Equities research analysts predict that Buenaventura Mining Company Inc. will post $0.98 earnings per share for the current fiscal year.
A number of research firms have issued reports on BVN. BidaskClub raised Buenaventura Mining from a “hold” rating to a “buy” rating in a research report on Saturday. ValuEngine lowered Buenaventura Mining from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. Finally, Credit Suisse Group reaffirmed a “hold” rating on shares of Buenaventura Mining in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Buenaventura Mining currently has a consensus rating of “Hold” and a consensus price target of $15.05.
Buenaventura Mining Company 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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