Van ECK Associates Corp Decreases Holdings in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)

Van ECK Associates Corp lessened its position in shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) by 1.0% in the fourth quarter, Holdings Channel reports. The fund owned 21,344,322 shares of the mining company’s stock after selling 215,556 shares during the quarter. Van ECK Associates Corp owned about 0.08% of Compañía de Minas Buenaventura S.A.A. worth $245,886,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. lifted its position in Compañía de Minas Buenaventura S.A.A. by 5.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 381,561 shares of the mining company’s stock valued at $4,396,000 after purchasing an additional 20,000 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Compañía de Minas Buenaventura S.A.A. by 41.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,752 shares of the mining company’s stock worth $58,000 after purchasing an additional 1,389 shares during the period. R Squared Ltd purchased a new stake in shares of Compañía de Minas Buenaventura S.A.A. in the fourth quarter worth $74,000. Matthews International Capital Management LLC bought a new stake in shares of Compañía de Minas Buenaventura S.A.A. during the 4th quarter valued at $290,000. Finally, Blue Trust Inc. lifted its stake in shares of Compañía de Minas Buenaventura S.A.A. by 20.9% during the 4th quarter. Blue Trust Inc. now owns 55,843 shares of the mining company’s stock valued at $643,000 after buying an additional 9,666 shares in the last quarter.

Wall Street Analysts Forecast Growth

BVN has been the topic of a number of research analyst reports. StockNews.com raised Compañía de Minas Buenaventura S.A.A. from a “hold” rating to a “buy” rating in a report on Friday, December 27th. Scotiabank upgraded Compañía de Minas Buenaventura S.A.A. from a “sector underperform” rating to a “sector perform” rating and set a $15.00 target price for the company in a research report on Thursday, November 21st.

Compañía de Minas Buenaventura S.A.A. Trading Up 1.3 %

Shares of BVN opened at $13.13 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.82 and a quick ratio of 1.64. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 9.31 and a beta of 0.80. The company has a 50-day moving average of $12.66 and a 200 day moving average of $13.03. Compañía de Minas Buenaventura S.A.A. has a 1-year low of $11.50 and a 1-year high of $18.84.

Compañía de Minas Buenaventura S.A.A. 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.