Sequoia Financial Advisors LLC Increases Stake in Compañía de Minas Buenaventura S.A.A.

Sequoia Financial Advisors LLC has increased its investment in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) by acquiring an additional 867 shares during the fourth quarter of the year, raising its overall holdings by 8.6%. After this purchase, the institutional investor now owns a total of 10,977 shares in the mining company, valued at approximately $126,000 based on its latest filings with the Securities and Exchange Commission.

In addition to Sequoia Financial, several other institutional investors have also re-evaluated their positions in Buenaventura. Atria Investments Inc. has raised its stake by 19.1% in the third quarter, now holding 25,211 shares worth around $349,000 following an acquisition of 4,048 shares. Citigroup Inc. has increased its holdings by 4.2%, bringing its total to 381,706 shares valued at $5,283,000 after adding 15,302 shares in the same quarter. Meanwhile, Sagil Capital LLP made a significant investment by purchasing a new stake worth $16,989,000. Furthermore, Quantbot Technologies LP dramatically expanded its holdings by 1,666.8%, acquiring an additional 110,544 shares to reach a total of 117,176 shares valued at $1,622,000. Lastly, FMR LLC also boosted its stake by 245.4%, now owning 17,552 shares valued at around $243,000 after acquiring an additional 12,471 shares in the previous quarter.

Analysts Provide Insights

Several financial analysts have recently issued reports concerning Compañía de Minas Buenaventura S.A.A. Notably, StockNews.com downgraded the stock from a 'buy' rating to a 'hold' rating in a research note dated February 24th. On the other hand, Scotiabank has shown a more positive outlook, upgrading the company from a 'sector underperform' rating to 'sector perform' and setting a price target of $15.00 for the stock.

Current Stock Performance

The stock of Compañía de Minas Buenaventura S.A.A. opened at $15.55 on the last trading day, reflecting a 1.0% increase. The mining company has a market capitalization of approximately $3.94 billion, with a price-to-earnings ratio of 11.02 and a beta of 0.76. Over the last 50 days, the stock has maintained an average price of $13.26, while the 200-day moving average stands at $12.95. The company's financial stability is demonstrated by a low debt-to-equity ratio of 0.07, with a current ratio of 1.82 and a quick ratio of 1.64. Over the past year, the stock has seen a low of $11.50 and a high of $18.84.

Recently, the company reported its quarterly earnings on February 20th, where it posted an earnings per share (EPS) of $0.13, which fell short of analysts' expectations of $0.20 by $0.07. The revenue for the quarter was recorded at $299.59 million, also below the anticipated $315.77 million. The company's net margin stood at 32.40%, and it reported a return on equity of 6.15%. Analysts expect Compañía de Minas Buenaventura S.A.A. to post an average EPS of 1.13 for the current fiscal year.

About Compañía de Minas Buenaventura S.A.A.

Compañía de Minas Buenaventura S.A.A. specializes in the exploration, development, construction, and operation of mineral processing. The company is focused on extracting valuable metals including gold, silver, lead, zinc, and copper. It operates several mining units across Peru, including locations like Tambomayo in the Caylloma province, Orcopampa in Castilla province, Uchucchacua in Oyón province, and Julcani in Angaraes province, among others.

investment, stocks, buys