87,671 Shares in Buenaventura Mining Company Inc. $BVN Acquired by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio acquired 87,671 shares of Buenaventura Mining, valued at approximately $2.57 million, during the second quarter. Several other institutional investors also increased their holdings, including Royal Bank of Canada, which significantly expanded its position.
• Buenaventura Mining’s shares opened at $33.92, down 2.4%, with the stock trading below its 52-week high of $44.67. The company reported quarterly EPS of $0.94, below the $0.99 analyst consensus, while revenue of $528.99 million also missed estimates.
• Analyst sentiment remains mixed but leans positive, with a consensus rating of “Moderate Buy” and an average price target of $37.25. Recent firms lowered price targets, while ratings ranged from Hold to Buy.

Public Employees Retirement System of Ohio acquired a new stake in Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 87,671 shares of the mining company's stock, valued at approximately $2,568,000.

Several other large investors have also recently added to or reduced their stakes in BVN. Ninepoint Partners LP acquired a new stake in shares of Buenaventura Mining during the second quarter worth $3,675,000. Oldfield Partners LLP increased its position in Buenaventura Mining by 6.4% during the second quarter. Oldfield Partners LLP now owns 44,816 shares of the mining company's stock worth $1,313,000 after acquiring an additional 2,678 shares during the period. E. Ohman J or Asset Management AB increased its position in Buenaventura Mining by 22.5% during 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 acquiring an additional 2,300 shares during the period. Liontrust Investment Partners LLP raised its stake in Buenaventura Mining by 8.3% in the 1st quarter. Liontrust Investment Partners LLP now owns 13,000 shares of the mining company's stock worth $469,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in Buenaventura Mining by 13,674.3% in the 1st quarter. Royal Bank of Canada now owns 720,810 shares of the mining company's stock valued at $25,977,000 after purchasing an additional 715,577 shares during the period.

Buenaventura Mining Stock Down 2.4%

NYSE BVN opened at $33.92 on Friday. The business has a fifty day moving average price of $32.20 and a two-hundred day moving average price of $34.05. The stock has a market capitalization of $8.61 billion, a PE ratio of 7.67 and a beta of 0.46. Buenaventura Mining Company Inc. has a fifty-two week low of $19.55 and a fifty-two week high of $44.67. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.59 and a quick ratio of 2.43.

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on BVN. Scotiabank dropped their price target 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. Morgan Stanley reduced their price target on Buenaventura Mining from $42.50 to $34.50 and set an "overweight" rating on the stock in a research report on Wednesday, July 8th. Wall Street Zen cut Buenaventura Mining from a "buy" rating to a "hold" rating in a report on Sunday, August 16th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Buenaventura Mining in a research report on Friday, July 31st. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Buenaventura Mining has a consensus rating of "Moderate Buy" and an average target price of $37.25.

Buenaventura Mining 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.

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