Bank of New York Mellon Corp Buys 37,482 Shares of Buenaventura Mining Company Inc. (NYSE:BVN)

Bank of New York Mellon Corp boosted its holdings in shares of Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) by 19.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 234,684 shares of the mining company's stock after purchasing an additional 37,482 shares during the quarter. Bank of New York Mellon Corp owned about 0.09% of Buenaventura Mining worth $3,668,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in Buenaventura Mining by 17.1% during the 1st 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 raised its stake in 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 valued at $1,727,000 after purchasing an additional 140,708 shares during the period. QRG Capital Management Inc. bought a new stake in Buenaventura Mining during the 1st quarter valued at approximately $184,000. Natixis Advisors LLC bought a new stake in Buenaventura Mining during the 4th quarter valued at approximately $248,000. Finally, Northern Trust Corp raised its stake in Buenaventura Mining by 105.3% during the 4th 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.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Wall Street Zen downgraded Buenaventura Mining from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Scotiabank lifted their price objective on Buenaventura Mining from $15.00 to $15.50 and gave the stock a "sector perform" rating in a research note on Monday, April 14th.

Buenaventura Mining Stock Performance

NYSE:BVN opened at $17.37 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.75 and a quick ratio of 1.58. Buenaventura Mining Company Inc. has a 1 year low of $11.50 and a 1 year high of $17.98. The stock's 50 day simple moving average is $16.27 and its two-hundred day simple moving average is $14.70. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 8.82 and a beta of 0.43.

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

About Buenaventura Mining

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.

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