123,572 Shares in Buenaventura Mining Company Inc. $BVN Purchased by U S Global Investors Inc.

Key Points

• U.S. Global Investors acquired 123,572 shares of Buenaventura Mining during the third quarter, valued at approximately $3.9 million. Several other institutional investors also initiated or increased positions in BVN.
• Analyst sentiment is moderately positive, with an average rating of “Moderate Buy” and an average price target of $37.25, although some firms recently lowered their targets.
• BVN opened at $28.53 and has a market capitalization of $7.24 billion. The company’s latest quarterly results missed estimates, reporting $0.94 EPS versus $0.99 expected and revenue of $528.99 million versus $610 million expected.

U S Global Investors Inc. acquired a new position in Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 123,572 shares of the mining company's stock, valued at approximately $3,902,000.

A number of other institutional investors have also made changes to their positions in BVN. Mather Group LLC. acquired a new position in Buenaventura Mining during the third quarter worth $31,000. Banque Cantonale Vaudoise bought a new position in Buenaventura Mining in the first quarter valued at $45,000. Rockefeller Capital Management L.P. increased its stake in Buenaventura Mining by 199.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,449 shares of the mining company's stock valued at $96,000 after buying an additional 2,298 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Buenaventura Mining in the 1st quarter valued at $212,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Buenaventura Mining by 21.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,808 shares of the mining company's stock valued at $310,000 after buying an additional 1,744 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on BVN shares. Zacks Research raised shares of Buenaventura Mining from a "strong sell" rating to a "hold" rating in a research report on Tuesday, October 13th. Morgan Stanley decreased their price objective on Buenaventura Mining from $42.50 to $34.50 and set an "overweight" rating for the company in a report on Wednesday, July 8th. Weiss Ratings restated a "buy (b-)" rating on shares of Buenaventura Mining in a report on Friday, July 31st. Wall Street Zen raised Buenaventura Mining from a "hold" rating to a "buy" rating in a research report on Saturday, October 10th. Finally, Scotiabank dropped their target price on Buenaventura Mining from $44.00 to $40.00 and set a "sector perform" rating on the stock in a report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $37.25.

Buenaventura Mining Price Performance

NYSE:BVN opened at $28.53 on Friday. The stock has a market capitalization of $7.24 billion, a PE ratio of 6.45 and a beta of 0.43. Buenaventura Mining Company Inc. has a 1-year low of $21.00 and a 1-year high of $44.67. The firm has a fifty day simple moving average of $33.08 and a 200 day simple moving average of $32.98. The company has a current ratio of 2.59, a quick ratio of 2.43 and a debt-to-equity ratio of 0.15.

Buenaventura Mining (NYSE:BVN - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The mining company reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.05). The firm had revenue of $528.99 million for the quarter, compared to the consensus estimate of $610.00 million. Buenaventura Mining had a return on equity of 26.53% and a net margin of 50.88%. On average, research analysts expect that Buenaventura Mining Company Inc. will post 3.99 EPS for the current fiscal year.

About Buenaventura Mining

Compañía de Minas Buenaventura SAA., known as Buenaventura Mining, is a Peru-based mining company engaged in the exploration, development, construction, and operation of mineral projects. Its portfolio includes precious and base metals, with primary exposure to gold, silver, copper, lead, and zinc.

Founded in 1953, Buenaventura operates primarily in Peru. Its activities have included the Uchucchacua, Tambomayo, La Zanja, Coimolache, and El Brocal mining operations, as well as exploration and development projects across the country.

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