104,121 Shares in Buenaventura Mining Company Inc. $BVN Bought by Nykredit A S

Key Points

• Nykredit A/S acquired 104,121 shares of Buenaventura Mining in the second quarter, valued at approximately $3.05 million. Several other institutional investors also initiated or increased positions.
• Analyst sentiment is moderately positive, with two Buy and two Hold ratings and an average price target of $37.25, above the stock’s reported $33.92 opening price.
• Buenaventura reported quarterly earnings of $0.94 per share, missing the $0.99 consensus estimate, while revenue of $528.99 million fell short of the $610 million forecast.

Nykredit A S acquired a new position in Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 104,121 shares of the mining company's stock, valued at approximately $3,050,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of Buenaventura Mining in the 2nd quarter worth about $32,000. Banque Cantonale Vaudoise purchased a new position in Buenaventura Mining during the 1st quarter valued at about $45,000. Smartleaf Asset Management LLC lifted its position in Buenaventura Mining by 1,725.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,917 shares of the mining company's stock valued at $55,000 after acquiring an additional 1,812 shares during the period. Headlands Technologies LLC boosted its stake in Buenaventura Mining by 60.9% during the second quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company's stock worth $62,000 after acquiring an additional 1,424 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in Buenaventura Mining by 199.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,449 shares of the mining company's stock worth $96,000 after acquiring an additional 2,298 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BVN shares. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Buenaventura Mining in a research note on Friday, July 31st. Wall Street Zen cut Buenaventura Mining from a "buy" rating to a "hold" rating in a research report on Sunday, August 16th. Scotiabank cut their price target on Buenaventura Mining from $44.00 to $40.00 and set a "sector perform" rating on the stock in a research note on Tuesday, July 14th. Finally, Morgan Stanley reduced their price objective on Buenaventura Mining from $42.50 to $34.50 and set an "overweight" rating for the company in a research report on Wednesday, July 8th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $37.25.

Buenaventura Mining Trading Up 0.1%

NYSE:BVN opened at $33.92 on Monday. The company has a market cap of $8.61 billion, a PE ratio of 7.67 and a beta of 0.46. The company has a current ratio of 2.59, a quick ratio of 2.43 and a debt-to-equity ratio of 0.15. The company has a 50 day simple moving average of $32.20 and a two-hundred day simple moving average of $34.02. Buenaventura Mining Company Inc. has a 12 month low of $19.55 and a 12 month high of $44.67.

Buenaventura Mining (NYSE:BVN - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The mining company reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.05). Buenaventura Mining had a net margin of 50.88% and a return on equity of 26.53%. The firm had revenue of $528.99 million for the quarter, compared to the consensus estimate of $610.00 million. Research analysts forecast that Buenaventura Mining Company Inc. will post 3.93 earnings per share for the current year.

Buenaventura Mining Company Profile

Compañía de Minas Buenaventura SAA. NYSE: BVN is one of Peru's leading precious metals producers, primarily engaged in the exploration, development and operation of gold, silver and base metal mines. Headquartered in Lima, the company's core activities cover the entire mining cycle from concession acquisition and project evaluation to extraction, milling and metal refining. Buenaventura also holds interests in smelting, refining and trading services, enabling it to market its products both domestically and internationally.

The company's principal assets include several operating mines in Peru such as Uchucchacua (silver-lead-zinc), Orcopampa (gold-silver) and the Tambomayo gold mine.

Want to see what other hedge funds are holding BVN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Buenaventura Mining Company Inc. (NYSE:BVN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source