Moneda S.A. Administradora General de Fondos Acquires Shares of 82,662 Buenaventura Mining Company Inc. (NYSE:BVN)

Key Points

• Moneda S.A. purchased 82,662 shares of Buenaventura Mining Company Inc. (NYSE: BVN) in the first quarter, valued at approximately $1.29 million, making up 1.4% of their portfolio.
• FIL Ltd significantly increased its stake in Buenaventura Mining by 810.7%, now owning over 2.6 million shares valued at approximately $30.36 million.
• Analyst ratings have mixed outlooks for Buenaventura Mining, with Wall Street Zen downgrading it to a "hold" while Scotiabank raised its price target from $15.00 to $15.50.

Moneda S.A. Administradora General de Fondos bought a new stake in Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 82,662 shares of the mining company's stock, valued at approximately $1,292,000. Buenaventura Mining makes up approximately 1.4% of Moneda S.A. Administradora General de Fondos' investment portfolio, making the stock its 16th biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of Buenaventura Mining by 17.1% during the 1st quarter. GAMMA Investing LLC now owns 11,382 shares of the mining company's stock worth $178,000 after acquiring an additional 1,665 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Buenaventura Mining by 1,534.8% during the 4th quarter. BNP Paribas Financial Markets now owns 149,876 shares of the mining company's stock worth $1,727,000 after purchasing an additional 140,708 shares during the last quarter. QRG Capital Management Inc. acquired a new position in shares of Buenaventura Mining during the 1st quarter worth about $184,000. Natixis Advisors LLC acquired a new position in shares of Buenaventura Mining during the 4th quarter worth about $248,000. Finally, Northern Trust Corp lifted its position in shares of Buenaventura Mining by 105.3% during the 4th quarter. Northern Trust Corp now owns 1,235,916 shares of the mining company's stock worth $14,238,000 after purchasing an additional 633,793 shares during the last quarter.

Analyst Upgrades and Downgrades

BVN has been the subject of several research analyst reports. Scotiabank boosted their price objective on Buenaventura Mining from $15.00 to $15.50 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Wall Street Zen cut Buenaventura Mining from a "buy" rating to a "hold" rating in a research report on Friday, July 18th.

Buenaventura Mining Price Performance

Shares of BVN traded up $0.18 during mid-day trading on Tuesday, reaching $17.51. The company had a trading volume of 167,385 shares, compared to its average volume of 1,023,234. Buenaventura Mining Company Inc. has a twelve month low of $11.50 and a twelve month high of $17.98. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.75 and a quick ratio of 1.58. The company's 50-day moving average is $16.33 and its 200-day moving average is $14.75. The company has a market capitalization of $4.44 billion, a P/E ratio of 8.89 and a beta of 0.43.

Buenaventura Mining (NYSE:BVN - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The mining company reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.10. The business had revenue of $369.50 million for the quarter, compared to analyst estimates of $338.29 million. Buenaventura Mining had a return on equity of 9.63% and a net margin of 38.38%. On average, equities analysts anticipate that Buenaventura Mining Company Inc. will post 1.13 EPS for the current year.

Buenaventura Mining Profile

Compañía de Minas Buenaventura SAA. engages in the exploration, development, construction, and operation of mineral processing business. The company explores for gold, silver, lead, zinc, and copper metals. It operates operating mining units, including Tambomayo located in the Caylloma province, Orcopampa Unit located in the province of Castilla, Uchucchacua located in province of Oyón, Julcani located in province of Angaraes, Peru, as well as San Gabrie located in the province of General Sánchez Cerro, in the Moquegua region.