Traders Purchase Large Volume of Compania de Minas Buenaventura SAA Call Options (NYSE:BVN)

Compania de Minas Buenaventura SAA (NYSE:BVN) was the recipient of unusually large options trading on Wednesday. Traders acquired 3,525 call options on the stock. This represents an increase of approximately 3,356% compared to the average volume of 102 call options.

A number of large investors have recently added to or reduced their stakes in BVN. Driehaus Capital Management LLC acquired a new stake in Compania de Minas Buenaventura SAA in the fourth quarter valued at about $28,038,000. Amundi Pioneer Asset Management Inc. acquired a new stake in Compania de Minas Buenaventura SAA in the fourth quarter valued at about $12,262,000. Teachers Advisors LLC boosted its stake in Compania de Minas Buenaventura SAA by 788.9% in the fourth quarter. Teachers Advisors LLC now owns 934,381 shares of the mining company’s stock valued at $13,156,000 after buying an additional 829,259 shares in the last quarter. Deutsche Bank AG boosted its stake in Compania de Minas Buenaventura SAA by 32.8% in the fourth quarter. Deutsche Bank AG now owns 2,126,836 shares of the mining company’s stock valued at $29,945,000 after buying an additional 524,930 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake in Compania de Minas Buenaventura SAA by 352.4% in the first quarter. State of New Jersey Common Pension Fund D now owns 479,774 shares of the mining company’s stock valued at $7,307,000 after buying an additional 373,716 shares in the last quarter. 52.09% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE BVN opened at $13.93 on Thursday. The company has a current ratio of 2.01, a quick ratio of 1.62 and a debt-to-equity ratio of 0.20. Compania de Minas Buenaventura SAA has a 52 week low of $10.87 and a 52 week high of $16.80. The firm has a market capitalization of $3.52 billion, a P/E ratio of 57.67 and a beta of 1.15.

Compania de Minas Buenaventura SAA (NYSE:BVN) last released its quarterly earnings data on Thursday, April 26th. The mining company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.07). The business had revenue of $316.94 million during the quarter, compared to analyst estimates of $321.42 million. Compania de Minas Buenaventura SAA had a net margin of 1.41% and a return on equity of 1.91%. equities analysts anticipate that Compania de Minas Buenaventura SAA will post 1.03 EPS for the current year.

A number of research analysts recently commented on the company. Zacks Investment Research cut Compania de Minas Buenaventura SAA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 22nd. TheStreet upgraded Compania de Minas Buenaventura SAA from a “c+” rating to a “b” rating in a research report on Tuesday, May 1st. Finally, ValuEngine upgraded Compania de Minas Buenaventura SAA from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $16.65.

About Compania de Minas Buenaventura SAA

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 company operates four directly operating mining units, including Orcopampa, Uchucchacua, Julcani, and Mallay; and two mining unites that are under development stage comprising Tambomayo and San Gabriel.

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