52,776 Shares in Buenaventura Mining Company Inc. $BVN Bought by Perpetual Ltd

Key Points

• Perpetual Ltd. acquired 52,776 Buenaventura Mining shares during the third quarter, representing a new position valued at approximately $1.67 million. Several other institutional investors also increased or initiated stakes.
• BVN opened at $31.51, with an $8.0 billion market capitalization, a P/E ratio of 7.13, and a 52-week trading range of $21.00 to $44.67.
• Analyst sentiment is mixed: the stock has an overall “Hold” rating and an average $37.25 price target, while the company’s latest quarterly results missed consensus estimates for both earnings and revenue.

Perpetual Ltd purchased a new position in shares of 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 institutional investor purchased 52,776 shares of the mining company's stock, valued at approximately $1,667,000.

Other large investors have also added to or reduced their stakes in the company. Banque Cantonale Vaudoise acquired a new position in Buenaventura Mining in the 1st quarter valued at $45,000. Rockefeller Capital Management L.P. lifted its position in shares of Buenaventura Mining by 199.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,449 shares of the mining company's stock valued at $96,000 after acquiring an additional 2,298 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Buenaventura Mining during the 1st quarter worth $212,000. SmartHarvest Portfolios LLC grew its holdings in shares of Buenaventura Mining by 5.6% during the 1st quarter. SmartHarvest Portfolios LLC now owns 9,898 shares of the mining company's stock worth $357,000 after purchasing an additional 529 shares in the last quarter. Finally, E. Ohman J or Asset Management AB increased its position in shares of Buenaventura Mining by 22.5% in the second quarter. E. Ohman J or Asset Management AB now owns 12,500 shares of the mining company's stock worth $366,000 after purchasing an additional 2,300 shares during the period.

Buenaventura Mining Price Performance

Buenaventura Mining stock opened at $31.51 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.43 and a current ratio of 2.59. Buenaventura Mining Company Inc. has a 52 week low of $21.00 and a 52 week high of $44.67. The stock has a market capitalization of $8.00 billion, a P/E ratio of 7.13 and a beta of 0.43. The stock has a fifty day moving average of $33.59 and a 200-day moving average of $33.22.

Buenaventura Mining (NYSE:BVN - Get Free Report) last released its quarterly earnings data 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 business had revenue of $528.99 million during the quarter, compared to analyst estimates of $610.00 million. On average, sell-side analysts expect that Buenaventura Mining Company Inc. will post 3.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BVN shares. Morgan Stanley dropped their price target on Buenaventura Mining from $42.50 to $34.50 and set an "overweight" rating for the company in a research note on Wednesday, July 8th. Wall Street Zen raised shares of Buenaventura Mining from a "hold" rating to a "buy" rating in a report on Saturday. Scotiabank dropped their target price on shares of Buenaventura Mining from $44.00 to $40.00 and set a "sector perform" rating for the company in a research report on Tuesday, July 14th. Zacks Research cut shares of Buenaventura Mining from a "hold" rating to a "strong sell" rating in a research report on Monday, September 14th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Buenaventura Mining in a report on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $37.25.

Buenaventura Mining Profile

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 has historically focused on precious and base metals, including gold, silver, lead, and zinc.

Founded in 1953, Buenaventura operates primarily in Peru and has developed interests in several mining districts throughout the country. Its activities have included underground and open-pit mining, mineral processing, exploration, and project development.

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