Lbp Am Sa Buys 21,481 Shares of Buenaventura Mining Company Inc. $BVN

Key Points

• Lbp Am Sa increased its stake in Buenaventura Mining Company Inc. by 33.9%, owning a total of 84,829 shares worth approximately $1.39 million after acquiring an additional 21,481 shares during the second quarter.
• Analysts have mixed sentiments, with Zacks Research upgrading Buenaventura Mining to a "strong-buy" rating, while another firm downgraded it to "hold." Overall, the stock holds an average rating of "Buy" with a target price of $15.50.
• The company's stock has seen significant fluctuations, with a 52-week range between $11.50 and $25.46, and it currently trades at around $24.90.

Lbp Am Sa grew its stake in shares of Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) by 33.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,829 shares of the mining company's stock after buying an additional 21,481 shares during the quarter. Lbp Am Sa's holdings in Buenaventura Mining were worth $1,393,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Brooklyn Investment Group grew its stake in shares of 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 purchasing an additional 1,814 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Buenaventura Mining in the first quarter worth about $36,000. Headlands Technologies LLC bought a new stake in shares of Buenaventura Mining in the first quarter worth about $37,000. Cetera Investment Advisers bought a new stake in shares of Buenaventura Mining in the first quarter worth about $157,000. Finally, GAMMA Investing LLC grew its stake in shares of Buenaventura Mining by 17.1% in the first quarter. GAMMA Investing LLC now owns 11,382 shares of the mining company's stock worth $178,000 after purchasing an additional 1,665 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Zacks Research raised Buenaventura Mining from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 16th. Wall Street Zen cut Buenaventura Mining from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $15.50.

Buenaventura Mining Stock Performance

Shares of BVN opened at $24.90 on Friday. 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 one year low of $11.50 and a one year high of $25.46. The company has a 50-day simple moving average of $19.64 and a two-hundred day simple moving average of $16.92. The firm has a market capitalization of $6.32 billion, a PE ratio of 12.64 and a beta of 0.27.

Buenaventura Mining (NYSE:BVN - Get Free Report) last issued 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 net margin of 38.38% and a return on equity of 9.47%. The business had revenue of $369.50 million during the quarter, compared to analyst estimates of $338.29 million. On average, analysts anticipate that Buenaventura Mining Company Inc. will post 1.13 EPS for the current fiscal year.

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.

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