Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its holdings in shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) by 212.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,698,044 shares of the mining company’s stock after buying an additional 1,153,819 shares during the period. JPMorgan Chase & Co. owned about 0.67% of Compañía de Minas Buenaventura S.A.A. worth $23,501,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Sagil Capital LLP acquired a new position in Compañía de Minas Buenaventura S.A.A. during the third quarter worth about $16,989,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Compañía de Minas Buenaventura S.A.A. by 203.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,243,163 shares of the mining company’s stock worth $17,205,000 after acquiring an additional 833,819 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Compañía de Minas Buenaventura S.A.A. by 35.9% in the 3rd quarter. Jane Street Group LLC now owns 958,956 shares of the mining company’s stock worth $13,272,000 after acquiring an additional 253,421 shares during the period. Dorsey Wright & Associates purchased a new position in Compañía de Minas Buenaventura S.A.A. in the 2nd quarter valued at approximately $2,590,000. Finally, Acadian Asset Management LLC raised its holdings in Compañía de Minas Buenaventura S.A.A. by 65.2% during the second quarter. Acadian Asset Management LLC now owns 326,206 shares of the mining company’s stock worth $5,527,000 after purchasing an additional 128,736 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Morgan Stanley lowered their target price on Compañía de Minas Buenaventura S.A.A. from $21.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, September 19th. Scotiabank raised shares of Compañía de Minas Buenaventura S.A.A. from a “sector underperform” rating to a “sector perform” rating and set a $15.00 price objective on the stock in a research note on Thursday, November 21st. Finally, StockNews.com upgraded shares of Compañía de Minas Buenaventura S.A.A. from a “hold” rating to a “buy” rating in a research report on Friday, December 27th.

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

Compañía de Minas Buenaventura S.A.A. stock opened at $12.61 on Thursday. Compañía de Minas Buenaventura S.A.A. has a fifty-two week low of $11.50 and a fifty-two week high of $18.84. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 8.94 and a beta of 0.81. The stock has a fifty day moving average of $12.37 and a two-hundred day moving average of $13.70. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.40.

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.