Buenaventura Mining Company Inc. $BVN Shares Purchased by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its stake in Buenaventura Mining by 4.4% during the first quarter, owning 553,021 shares valued at approximately $8.6 million.
• Several institutional investors, including Citigroup Inc., also increased their positions in Buenaventura Mining, indicating heightened interest in the stock.
• Wall Street analysts downgraded Buenaventura Mining from a "buy" to a "hold" rating, with a consensus price target of $16.75.

American Century Companies Inc. grew its stake in Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) by 4.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 553,021 shares of the mining company's stock after purchasing an additional 23,063 shares during the quarter. American Century Companies Inc. owned approximately 0.22% of Buenaventura Mining worth $8,644,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC grew its position 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 purchasing an additional 1,665 shares during the period. BNP Paribas Financial Markets grew its position in shares of Buenaventura Mining by 1,534.8% in the fourth quarter. BNP Paribas Financial Markets now owns 149,876 shares of the mining company's stock valued at $1,727,000 after purchasing an additional 140,708 shares during the period. QRG Capital Management Inc. acquired a new stake in shares of Buenaventura Mining in the first quarter valued at about $184,000. Bank of New York Mellon Corp grew its position in shares of Buenaventura Mining by 19.0% in the first quarter. Bank of New York Mellon Corp now owns 234,684 shares of the mining company's stock valued at $3,668,000 after purchasing an additional 37,482 shares during the period. Finally, Northern Trust Corp grew its position in shares of Buenaventura Mining by 105.3% in the fourth quarter. Northern Trust Corp now owns 1,235,916 shares of the mining company's stock valued at $14,238,000 after purchasing an additional 633,793 shares during the period.

Buenaventura Mining Trading Up 1.7%

Shares of Buenaventura Mining stock traded up $0.32 on Monday, reaching $19.18. The company had a trading volume of 1,239,197 shares, compared to its average volume of 958,696. The firm's 50 day moving average price is $17.48 and its two-hundred day moving average price is $15.68. The firm has a market cap of $4.86 billion, a PE ratio of 9.73 and a beta of 0.28. Buenaventura Mining Company Inc. has a 52-week low of $11.50 and a 52-week high of $19.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.31 and a current ratio of 2.54.

Buenaventura Mining (NYSE:BVN - Get Free Report) last announced its quarterly earnings data 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. The firm 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%. Sell-side analysts predict that Buenaventura Mining Company Inc. will post 1.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.