Acadian Asset Management LLC Buys 171,815 Shares of Buenaventura Mining Company Inc. $BVN

Key Points

• Acadian Asset Management LLC increased its stake in Buenaventura Mining by 14.0%, owning approximately 1,398,194 shares valued at around $21.85 million.
• Several other institutional investors, including Brooklyn Investment Group and Migdal Insurance, made significant changes to their positions in Buenaventura Mining, reflecting growing interest in the company.
• Wall Street Zen downgraded Buenaventura Mining from a "buy" rating to a "hold" rating, although the company still holds a consensus rating of "Moderate Buy" with a target price of $16.75.

Acadian Asset Management LLC lifted its position in Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) by 14.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,398,194 shares of the mining company's stock after purchasing an additional 171,815 shares during the quarter. Acadian Asset Management LLC owned 0.55% of Buenaventura Mining worth $21,849,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Buenaventura Mining by 12.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,502,101 shares of the mining company's stock worth $85,998,000 after purchasing an additional 591,482 shares in the last quarter. Tidal Investments LLC increased its position in Buenaventura Mining by 56.6% in the 4th quarter. Tidal Investments LLC now owns 3,332,263 shares of the mining company's stock valued at $38,388,000 after acquiring an additional 1,204,879 shares in the last quarter. Helikon Investments Ltd bought a new position in shares of Buenaventura Mining in the first quarter worth about $26,686,000. Northern Trust Corp lifted its position in shares of Buenaventura Mining by 32.9% during the first quarter. Northern Trust Corp now owns 1,642,557 shares of the mining company's stock worth $25,673,000 after purchasing an additional 406,641 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Buenaventura Mining by 2.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,278,411 shares of the mining company's stock valued at $19,982,000 after purchasing an additional 25,440 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Buenaventura Mining from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $16.75.

Buenaventura Mining Stock Down 0.2%

Shares of BVN stock traded down $0.05 during trading on Wednesday, reaching $20.06. The company's stock had a trading volume of 309,696 shares, compared to its average volume of 1,020,406. Buenaventura Mining Company Inc. has a one year low of $11.50 and a one year high of $20.87. The business has a fifty day moving average price of $18.28 and a 200-day moving average price of $16.20. The company has a market cap of $5.09 billion, a price-to-earnings ratio of 10.15 and a beta of 0.28. The company has a quick ratio of 2.31, a current ratio of 2.54 and a debt-to-equity ratio of 0.23.

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

Buenaventura Mining Company 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.