Erste Asset Management GmbH Buys 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 bought a new stake in Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 22,500 shares of the mining company's stock, valued at approximately $349,000.

Other institutional investors have also recently bought and sold shares of the company. Brooklyn Investment Group lifted its stake in Buenaventura Mining by 1,363.9% in the 1st quarter. Brooklyn Investment Group now owns 1,947 shares of the mining company's stock valued at $30,000 after acquiring an additional 1,814 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Buenaventura Mining in the 1st quarter valued at approximately $36,000. Headlands Technologies LLC bought a new stake in Buenaventura Mining in the 1st quarter valued at approximately $37,000. Voya Investment Management LLC bought a new position in Buenaventura Mining in the fourth quarter valued at approximately $144,000. Finally, Cetera Investment Advisers acquired a new position in shares of Buenaventura Mining during the 1st quarter worth approximately $157,000.

Buenaventura Mining Stock Up 2.5%

NYSE:BVN opened at $18.8410 on Friday. The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of 9.56 and a beta of 0.34. Buenaventura Mining Company Inc. has a twelve month low of $11.50 and a twelve month high of $19.04. The stock's 50 day moving average price is $17.19 and its two-hundred day moving average price is $15.41. 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 posted its quarterly earnings results on Thursday, July 24th. The mining company reported $0.40 earnings per share for the quarter, topping 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 firm had revenue of $369.50 million for the quarter, compared to analyst estimates of $338.29 million. Equities research analysts expect 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 Buenaventura Mining from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $16.75.

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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