Erste Asset Management GmbH Purchases Shares of 22,500 Buenaventura Mining Company Inc. $BVN

Key Points

• Erste Asset Management GmbH has acquired a new stake in Buenaventura Mining by purchasing 22,500 shares, valued at approximately $349,000, as disclosed in a recent 13F filing.
• Buenaventura Mining reported $0.40 earnings per share for its last quarter, surpassing analysts' expectations of $0.30, alongside a revenue of $369.50 million.
• Wall Street analysts have recently downgraded Buenaventura Mining from a "buy" to a "hold" rating, with a consensus rating of "Moderate Buy" and an average price target of $16.75.

Erste Asset Management GmbH acquired a new position in Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 22,500 shares of the mining company's stock, valued at approximately $349,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Korea Investment CORP grew its position in Buenaventura Mining by 3.8% in the first quarter. Korea Investment CORP now owns 65,700 shares of the mining company's stock worth $1,027,000 after acquiring an additional 2,400 shares during the period. Northern Trust Corp grew its position in Buenaventura Mining by 32.9% in the first quarter. Northern Trust Corp now owns 1,642,557 shares of the mining company's stock worth $25,673,000 after acquiring an additional 406,641 shares during the period. Brooklyn Investment Group grew its position in Buenaventura Mining by 1,363.9% in the first quarter. Brooklyn Investment Group now owns 1,947 shares of the mining company's stock worth $30,000 after acquiring an additional 1,814 shares during the period. American Century Companies Inc. grew its position in Buenaventura Mining by 4.4% in the first quarter. American Century Companies Inc. now owns 553,021 shares of the mining company's stock worth $8,644,000 after acquiring an additional 23,063 shares during the period. Finally, Fox Run Management L.L.C. purchased a new position in Buenaventura Mining in the first quarter worth approximately $326,000.

Buenaventura Mining Stock Up 1.0%

Shares of NYSE BVN traded up $0.18 during mid-day trading on Thursday, hitting $18.80. The company had a trading volume of 114,158 shares, compared to its average volume of 1,012,363. The company has a market capitalization of $4.77 billion, a PE ratio of 9.54 and a beta of 0.34. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.54 and a quick ratio of 2.31. Buenaventura Mining Company Inc. has a 1-year low of $11.50 and a 1-year high of $19.04. The business's 50-day simple moving average is $17.32 and its 200 day simple moving average is $15.52.

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 (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.10. Buenaventura Mining had a return on equity of 9.47% and a net margin of 38.38%.The business had revenue of $369.50 million for the quarter, compared to analysts' expectations of $338.29 million. On average, analysts predict that Buenaventura Mining Company Inc. will post 1.13 earnings per share for the current year.

Analyst Ratings Changes

Separately, Wall Street Zen lowered 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 given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $16.75.

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.