Van ECK Associates Corp Sells 8,827,779 Shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)

Van ECK Associates Corp cut its holdings in shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN - Free Report) by 29.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,559,878 shares of the mining company's stock after selling 8,827,779 shares during the quarter. Van ECK Associates Corp owned about 8.49% of Compañía de Minas Buenaventura S.A.A. worth $291,273,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Compañía de Minas Buenaventura S.A.A. by 5.8% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 367,011 shares of the mining company's stock valued at $5,828,000 after buying an additional 20,000 shares in the last quarter. Csenge Advisory Group acquired a new position in Compañía de Minas Buenaventura S.A.A. in the 1st quarter valued at $547,000. Duality Advisers LP acquired a new position in Compañía de Minas Buenaventura S.A.A. in the 1st quarter valued at $328,000. SG Americas Securities LLC grew its holdings in Compañía de Minas Buenaventura S.A.A. by 32.2% in the 1st quarter. SG Americas Securities LLC now owns 24,789 shares of the mining company's stock valued at $394,000 after buying an additional 6,036 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Compañía de Minas Buenaventura S.A.A. by 147.7% in the 1st quarter. Russell Investments Group Ltd. now owns 85,040 shares of the mining company's stock valued at $1,350,000 after buying an additional 50,711 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Morgan Stanley decreased their price objective 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 cut their target price on Compañía de Minas Buenaventura S.A.A. from $16.00 to $15.00 and set a "sector underperform" rating for the company in a research report on Monday, August 19th.

Compañía de Minas Buenaventura S.A.A. Trading Down 3.2 %

Shares of NYSE:BVN traded down $0.42 during trading on Friday, reaching $12.64. 1,827,778 shares of the company traded hands, compared to its average volume of 777,992. The company's 50 day moving average is $13.21 and its two-hundred day moving average is $15.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.40. Compañía de Minas Buenaventura S.A.A. has a 52 week low of $8.17 and a 52 week 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.