Citigroup Inc. lifted its position in shares of Buenaventura Mining Company Inc. (NYSE:BVN) by 380.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 337,029 shares of the mining company’s stock after acquiring an additional 266,834 shares during the period. Citigroup Inc. owned approximately 0.13% of Buenaventura Mining worth $3,876,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. UBS Asset Management Americas Inc. lifted its holdings in shares of Buenaventura Mining by 9.1% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,017,780 shares of the mining company’s stock worth $11,704,000 after acquiring an additional 84,850 shares during the period. Icon Advisers Inc. Co. bought a new stake in shares of Buenaventura Mining during the 2nd quarter worth approximately $7,926,000. Wells Fargo & Company MN lifted its holdings in shares of Buenaventura Mining by 0.7% during the 2nd quarter. Wells Fargo & Company MN now owns 2,789,819 shares of the mining company’s stock worth $32,083,000 after acquiring an additional 19,000 shares during the period. Franklin Resources Inc. lifted its stake in Buenaventura Mining by 9.1% in the 2nd quarter. Franklin Resources Inc. now owns 11,300,823 shares of the mining company’s stock valued at $129,943,000 after purchasing an additional 943,730 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Buenaventura Mining by 1.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 392,393 shares of the mining company’s stock valued at $4,512,000 after purchasing an additional 4,534 shares during the last quarter. 44.93% of the stock is owned by institutional investors.

Several equities analysts recently commented on BVN shares. BidaskClub downgraded shares of Buenaventura Mining from a “hold” rating to a “sell” rating in a research note on Friday, June 30th. Credit Suisse Group reissued a “hold” rating on shares of Buenaventura Mining in a research note on Friday, July 28th. Finally, ValuEngine downgraded shares of Buenaventura Mining from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $15.05.

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Buenaventura Mining Company Inc. (NYSE BVN) opened at 12.84 on Friday. The company’s market cap is $3.95 billion. The company has a 50-day moving average of $12.91 and a 200 day moving average of $12.28. Buenaventura Mining Company Inc. has a 52 week low of $9.87 and a 52 week high of $15.10.

Buenaventura Mining (NYSE:BVN) last announced its earnings results on Thursday, July 27th. The mining company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.24). Buenaventura Mining had a negative net margin of 33.54% and a negative return on equity of 11.01%. The company had revenue of $256.73 million for the quarter, compared to the consensus estimate of $327.50 million. During the same quarter in the previous year, the firm earned $0.22 earnings per share. The company’s revenue for the quarter was down 10.0% compared to the same quarter last year. On average, equities analysts forecast that Buenaventura Mining Company Inc. will post $0.91 EPS for the current fiscal year.

Buenaventura Mining Company Profile

Compania de Minas Buenaventura SAA. (Buenaventura) is a precious metals company. The Company is engaged in the exploration, mining and processing of gold, silver and other metals in Peru. The Company’s segments include Production and sale of minerals; Exploration and development activities; Construction and engineering services; Energy generation and transmission services; Insurance brokerage; Rental of mining concessions; Holding of investment in shares (mainly in Minera Yanacocha S.R.L.

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Institutional Ownership by Quarter for Buenaventura Mining (NYSE:BVN)

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