Cia De Minas Buenaventura Saa (BVN) Stock Declined While Van Eck Associates Corp Decreased Its Stake

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Logo

Van Eck Associates Corp decreased its stake in Cia De Minas Buenaventura Saa (BVN) by 8.44% based on its latest 2019Q1 regulatory filing with the SEC. Van Eck Associates Corp sold 2.91 million shares as the company’s stock declined 3.48% . The institutional investor held 31.55 million shares of the precious metals company at the end of 2019Q1, valued at $545.17 million, down from 34.46 million at the end of the previous reported quarter. Van Eck Associates Corp who had been investing in Cia De Minas Buenaventura Saa for a number of months, seems to be less bullish one the $3.83 billion market cap company. The stock increased 2.86% or $0.4 during the last trading session, reaching $14.4. About 1.24 million shares traded or 2.31% up from the average. Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) has risen 11.40% since September 11, 2018 and is uptrending. It has outperformed by 11.40% the S&P500.

Van Eck Associates Corp, which manages about $30.53 billion and $20.36 billion US Long portfolio, upped its stake in Kla (NASDAQ:KLAC) by 68,710 shares to 696,598 shares, valued at $83.18 million in 2019Q1, according to the filing. It also increased its holding in American Tower Corp (NYSE:AMT) by 20,331 shares in the quarter, for a total of 25,034 shares, and has risen its stake in Mondelez International Inc (NASDAQ:MDLZ).

Analysts await Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) to report earnings on October, 24. They expect $0.19 earnings per share, up 575.00 % or $0.23 from last year’s $-0.04 per share. BVN’s profit will be $50.55M for 18.95 P/E if the $0.19 EPS becomes a reality. After $0.05 actual earnings per share reported by Compañía de Minas Buenaventura S.A.A. for the previous quarter, Wall Street now forecasts 280.00 % EPS growth.

More notable recent Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) news were published by: Prnewswire.com which released: “Global Economic Instabilities is Causing Gold Prices to Soar – PRNewswire” on February 07, 2019, also Businesswire.com with their article: “Buenaventura Announces the Filing of Its Annual Report on Form 20-F for Fiscal Year 2018 – Business Wire” published on May 02, 2019, Investorplace.com published: “5 Precious Metals Stocks to Buy – Investorplace.com” on December 13, 2018. More interesting news about Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) were released by: Finance.Yahoo.com and their article: “Did Hedge Funds Drop The Ball On AECOM (ACM)? – Yahoo Finance” published on April 25, 2019 as well as Businesswire.com‘s news article titled: “Buenaventura to Host Investor Day on March 12, 2019 – Business Wire” with publication date: October 16, 2018.

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