Fox Run Management L.L.C. Makes New $326,000 Investment in Buenaventura Mining Company Inc. $BVN

Key Points

• Fox Run Management L.L.C. acquired 20,828 shares of Buenaventura Mining Company Inc. for approximately $326,000 during the first quarter.
• Analysts have recently downgraded Buenaventura Mining from a "buy" to a "hold" rating, with an average target price of $16.75.
• The company's stock is currently down 1.9%, with a market capitalization of $4.61 billion and a twelve-month high of $18.79.

Fox Run Management L.L.C. purchased a new stake in shares of Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 20,828 shares of the mining company's stock, valued at approximately $326,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BVN. Helikon Investments Ltd bought a new position in Buenaventura Mining in the 1st quarter valued at approximately $26,686,000. Tidal Investments LLC raised its stake in shares of Buenaventura Mining by 56.6% in the fourth quarter. Tidal Investments LLC now owns 3,332,263 shares of the mining company's stock worth $38,388,000 after purchasing an additional 1,204,879 shares during the last quarter. Northern Trust Corp boosted its position in shares of Buenaventura Mining by 105.3% during the fourth quarter. Northern Trust Corp now owns 1,235,916 shares of the mining company's stock valued at $14,238,000 after buying an additional 633,793 shares during the last quarter. Moore Capital Management LP bought a new stake in shares of Buenaventura Mining in the fourth quarter worth approximately $5,752,000. Finally, Polunin Capital Partners Ltd purchased a new stake in Buenaventura Mining during the 1st quarter valued at $7,804,000.

Wall Street Analysts Forecast Growth

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 research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Buenaventura Mining currently has an average rating of "Moderate Buy" and a consensus target price of $16.75.

Buenaventura Mining Stock Performance

NYSE BVN traded down $0.3630 on Monday, hitting $18.5070. 745,358 shares of the company traded hands, compared to its average volume of 910,804. The business's 50 day moving average price is $17.23 and its 200-day moving average price is $15.48. Buenaventura Mining Company Inc. has a 52-week low of $11.50 and a 52-week high of $19.04. The company has a current ratio of 2.54, a quick ratio of 2.31 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $4.70 billion, a price-to-earnings ratio of 9.39 and a beta of 0.34.

Buenaventura Mining (NYSE:BVN - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The mining company reported $0.40 EPS 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 the consensus estimate of $338.29 million. Equities analysts expect that Buenaventura Mining Company Inc. will post 1.13 earnings per share for the current year.

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.