Goldman Sachs Group Inc. Purchases 93,021 Shares of Buenaventura Mining Company Inc. $BVN

Key Points

• Goldman Sachs Group Inc. increased its holdings in Buenaventura Mining Company Inc. by 27.8%, acquiring 93,021 additional shares to reach a total of 427,509 shares valued at approximately $6.68 million.
• Other hedge funds also significantly adjusted their stakes in Buenaventura Mining, with Brooklyn Investment Group notably boosting its position by 1,363.9% in the same quarter.
• Wall Street analysts recently downgraded Buenaventura Mining from a "buy" to a "hold" rating, although the stock maintains an average rating of "Moderate Buy" with a price target of $16.75.

Goldman Sachs Group Inc. boosted its stake in shares of Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) by 27.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 427,509 shares of the mining company's stock after buying an additional 93,021 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.17% of Buenaventura Mining worth $6,682,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group lifted its holdings in Buenaventura Mining by 1,363.9% during the first quarter. Brooklyn Investment Group now owns 1,947 shares of the mining company's stock valued at $30,000 after purchasing an additional 1,814 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Buenaventura Mining during the first quarter valued at about $36,000. Headlands Technologies LLC purchased a new stake in Buenaventura Mining during the first quarter valued at about $37,000. Cetera Investment Advisers purchased a new stake in Buenaventura Mining during the first quarter valued at about $157,000. Finally, GAMMA Investing LLC lifted its holdings in Buenaventura Mining by 17.1% during the first quarter. GAMMA Investing LLC now owns 11,382 shares of the mining company's stock valued at $178,000 after purchasing an additional 1,665 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Zacks Research raised shares of Buenaventura Mining from a "hold" rating to a "strong-buy" rating in a report on Tuesday. Wall Street Zen downgraded shares of Buenaventura Mining from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $15.50.

Buenaventura Mining Price Performance

BVN traded up $0.48 on Friday, reaching $20.50. The company had a trading volume of 364,334 shares, compared to its average volume of 1,021,401. The business has a 50 day simple moving average of $18.42 and a 200 day simple moving average of $16.27. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 10.43 and a beta of 0.28. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.31 and a current ratio of 2.54. Buenaventura Mining Company Inc. has a 52-week low of $11.50 and a 52-week high of $20.90.

Buenaventura Mining (NYSE:BVN - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The mining company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.30 by $0.10. The firm had revenue of $369.50 million for the quarter, compared to the consensus estimate of $338.29 million. Buenaventura Mining had a net margin of 38.38% and a return on equity of 9.47%. As a group, sell-side analysts anticipate that Buenaventura Mining Company Inc. will post 1.13 EPS 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.