Aberdeen Group plc Invests $311,000 in Buenaventura Mining Company Inc. $BVN

Key Points

• Aberdeen Group plc has invested approximately $311,000 in Buenaventura Mining Company, acquiring 18,912 shares of the company's stock in the second quarter.
• Buenaventura Mining reported an earnings per share (EPS) of $0.40 for the last quarter, surpassing analysts' expectations of $0.30, and generated revenue of $369.50 million.
• Analysts' ratings for Buenaventura Mining currently include one "Strong Buy," one "Buy," and one "Hold," with an average price target of $15.50.

Aberdeen Group plc bought a new stake in Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,912 shares of the mining company's stock, valued at approximately $311,000.

Several other large investors also recently modified their holdings of the business. Brooklyn Investment Group lifted its holdings in shares of Buenaventura Mining by 1,363.9% during the 1st quarter. Brooklyn Investment Group now owns 1,947 shares of the mining company's stock valued at $30,000 after purchasing an additional 1,814 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Buenaventura Mining during the 1st quarter worth approximately $36,000. Headlands Technologies LLC acquired a new stake in Buenaventura Mining during the 1st quarter worth approximately $37,000. Cetera Investment Advisers bought a new position in Buenaventura Mining in the first quarter valued at approximately $157,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Buenaventura Mining by 17.1% in the first quarter. GAMMA Investing LLC now owns 11,382 shares of the mining company's stock valued at $178,000 after buying an additional 1,665 shares during the period.

Buenaventura Mining Price Performance

Shares of BVN opened at $25.53 on Friday. The company's 50-day moving average is $21.33 and its 200-day moving average is $17.68. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.54 and a quick ratio of 2.31. The firm has a market capitalization of $6.48 billion, a PE ratio of 12.96 and a beta of 0.27. Buenaventura Mining Company Inc. has a fifty-two week low of $11.50 and a fifty-two week high of $26.97.

Buenaventura Mining (NYSE:BVN - Get Free Report) last announced its earnings results on Thursday, July 24th. The mining company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.10. The company had revenue of $369.50 million during the quarter, compared to analysts' expectations of $338.29 million. Buenaventura Mining had a net margin of 38.38% and a return on equity of 9.47%. Equities analysts forecast that Buenaventura Mining Company Inc. will post 1.13 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Weiss Ratings reiterated a "buy (b-)" rating on shares of Buenaventura Mining in a report on Wednesday, October 8th. Wall Street Zen downgraded Buenaventura Mining from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Finally, Zacks Research upgraded Buenaventura Mining from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Buenaventura Mining currently has an average rating of "Buy" and an average price target of $15.50.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.