Buenaventura Mining Company Inc. $BVN Shares Bought by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management increased its Buenaventura Mining stake by 0.9% in the third quarter, adding 40,110 shares. It now owns 4.31 million shares, or approximately 1.7% of BVN, valued at $136.2 million.
• Analyst sentiment is generally positive, with BVN carrying a consensus “Moderate Buy” rating and an average price target of $37.25, despite some target-price reductions from Scotiabank and Morgan Stanley.
• BVN shares opened at $30.48, below the consensus target, while the company’s latest quarterly results missed expectations on both earnings and revenue. Analysts forecast full-year EPS of $3.99.

Robeco Institutional Asset Management B.V. raised its holdings in shares of Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) by 0.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,311,426 shares of the mining company's stock after buying an additional 40,110 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 1.70% of Buenaventura Mining worth $136,155,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of BVN. Mather Group LLC. purchased a new stake in Buenaventura Mining in the third quarter valued at approximately $31,000. Banque Cantonale Vaudoise purchased a new position in Buenaventura Mining in the 1st quarter worth approximately $45,000. Rockefeller Capital Management L.P. increased its holdings in shares of Buenaventura Mining by 199.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,449 shares of the mining company's stock worth $96,000 after buying an additional 2,298 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Buenaventura Mining in the 1st quarter worth $212,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Buenaventura Mining by 21.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,808 shares of the mining company's stock worth $310,000 after buying an additional 1,744 shares during the last quarter.

Analyst Upgrades and Downgrades

BVN has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Buenaventura Mining from a "hold" rating to a "buy" rating in a report on Saturday, October 10th. Zacks Research upgraded shares of Buenaventura Mining from a "strong sell" rating to a "hold" rating in a research report on Tuesday, October 13th. Scotiabank reduced their target price on Buenaventura Mining from $44.00 to $40.00 and set a "sector perform" rating on the stock in a research note on Tuesday, July 14th. Weiss Ratings restated a "buy (b-)" rating on shares of Buenaventura Mining in a research report on Friday, July 31st. Finally, Morgan Stanley lowered 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. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Buenaventura Mining presently has a consensus rating of "Moderate Buy" and a consensus target price of $37.25.

Buenaventura Mining Price Performance

Shares of Buenaventura Mining stock opened at $30.48 on Thursday. Buenaventura Mining Company Inc. has a 52-week low of $21.00 and a 52-week high of $44.67. The stock has a market capitalization of $7.73 billion, a price-to-earnings ratio of 6.90 and a beta of 0.43. The company has a fifty day moving average of $33.18 and a 200-day moving average of $33.03. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.43 and a current ratio of 2.59.

Buenaventura Mining (NYSE:BVN - Get Free Report) last released its earnings results on Thursday, July 30th. The mining company reported $0.94 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.05). The business had revenue of $528.99 million for the quarter, compared to the consensus estimate of $610.00 million. Buenaventura Mining had a net margin of 50.88% and a return on equity of 26.53%. Equities research analysts expect that Buenaventura Mining Company Inc. will post 3.99 EPS for the current year.

About Buenaventura Mining

Compañía de Minas Buenaventura SAA., known as Buenaventura Mining, is a Peru-based mining company engaged in the exploration, development, construction, and operation of mineral projects. Its portfolio includes precious and base metals, with primary exposure to gold, silver, copper, lead, and zinc.

Founded in 1953, Buenaventura operates primarily in Peru. Its activities have included the Uchucchacua, Tambomayo, La Zanja, Coimolache, and El Brocal mining operations, as well as exploration and development projects across the country.

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