Ladenburg Thalmann Financial Services Inc. Lowers Stock Holdings in Compania de Minas Buenaventura SAA (NYSE:BVN)

Ladenburg Thalmann Financial Services Inc. reduced its stake in Compania de Minas Buenaventura SAA (NYSE:BVN) by 2.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,782 shares of the mining company’s stock after selling 849 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Compania de Minas Buenaventura SAA were worth $672,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Compania de Minas Buenaventura SAA in the 2nd quarter valued at approximately $77,000. Voloridge Investment Management LLC purchased a new stake in shares of Compania de Minas Buenaventura SAA in the second quarter valued at approximately $170,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Compania de Minas Buenaventura SAA in the second quarter valued at approximately $173,000. NumerixS Investment Technologies Inc boosted its stake in shares of Compania de Minas Buenaventura SAA by 181.6% in the second quarter. NumerixS Investment Technologies Inc now owns 10,700 shares of the mining company’s stock valued at $178,000 after buying an additional 6,900 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in shares of Compania de Minas Buenaventura SAA by 16.2% in the second quarter. Nomura Asset Management Co. Ltd. now owns 12,900 shares of the mining company’s stock valued at $215,000 after buying an additional 1,800 shares in the last quarter. Institutional investors own 61.15% of the company’s stock.

Compania de Minas Buenaventura SAA stock opened at $14.35 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.77 and a quick ratio of 1.44. Compania de Minas Buenaventura SAA has a 1-year low of $13.46 and a 1-year high of $17.85. The company has a market cap of $3.65 billion, a PE ratio of 44.84 and a beta of 0.41. The stock’s 50 day moving average price is $14.85 and its 200 day moving average price is $15.69.

Compania de Minas Buenaventura SAA (NYSE:BVN) last posted its quarterly earnings results on Thursday, July 25th. The mining company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.04). Compania de Minas Buenaventura SAA had a negative net margin of 4.37% and a positive return on equity of 1.37%. The business had revenue of $216.15 million during the quarter, compared to analysts’ expectations of $259.47 million. On average, equities research analysts anticipate that Compania de Minas Buenaventura SAA will post 0.49 EPS for the current fiscal year.

A number of analysts recently weighed in on the company. Zacks Investment Research upgraded Compania de Minas Buenaventura SAA from a “sell” rating to a “hold” rating in a research note on Monday, August 26th. ValuEngine downgraded Compania de Minas Buenaventura SAA from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $17.50.

Compania de Minas Buenaventura SAA Company Profile

Compañía de Minas Buenaventura SAA., a precious metals company, engages in the exploration, mining, and processing of gold, silver, lead, zinc, and copper metals in Peru, the United States, Europe, and Asia. The company operates five operating mining units, including Uchucchacua, Orcopampa, Julcani, Mallay, and Tambomayo in Peru; and San Gabriel, a mining unit under development stage.

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Institutional Ownership by Quarter for Compania de Minas Buenaventura SAA (NYSE:BVN)

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