Fox Run Management L.L.C. Takes Position 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 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 20,828 shares of the mining company's stock, valued at approximately $326,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Resona Asset Management Co. Ltd. increased its position in Buenaventura Mining by 4.6% during the first quarter. Resona Asset Management Co. Ltd. now owns 43,580 shares of the mining company's stock worth $680,000 after acquiring an additional 1,908 shares during the period. Nuveen LLC bought a new position in Buenaventura Mining during the first quarter worth $5,104,000. Helikon Investments Ltd bought a new position in Buenaventura Mining during the first quarter worth $26,686,000. Citigroup Inc. increased its position in Buenaventura Mining by 23.4% during the first quarter. Citigroup Inc. now owns 453,933 shares of the mining company's stock worth $7,095,000 after acquiring an additional 85,994 shares during the period. Finally, Headlands Technologies LLC bought a new position in Buenaventura Mining during the first quarter worth $37,000.

Buenaventura Mining Stock Performance

Buenaventura Mining stock traded up $0.4510 on Friday, hitting $18.8410. The company's stock had a trading volume of 1,097,608 shares, compared to its average volume of 885,679. The firm has a market cap of $4.78 billion, a P/E ratio of 9.56 and a beta of 0.34. The company has a quick ratio of 2.31, a current ratio of 2.54 and a debt-to-equity ratio of 0.23. The company has a fifty day moving average price of $17.19 and a 200-day moving average price of $15.42. Buenaventura Mining Company Inc. has a one year low of $11.50 and a one year high of $19.04.

Buenaventura Mining (NYSE:BVN - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $369.50 million for the quarter, compared to analyst estimates of $338.29 million. Buenaventura Mining had a net margin of 38.38% and a return on equity of 9.47%. On average, equities analysts anticipate that Buenaventura Mining Company Inc. will post 1.13 earnings per share for the current year.

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 issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently 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.