52,390 Shares in Buenaventura Mining Company Inc. (NYSE:BVN) Bought by Mackenzie Financial Corp

Key Points

• Mackenzie Financial Corp has acquired a new stake in Buenaventura Mining Company Inc., purchasing 52,390 shares valued at approximately $819,000.
• Buenaventura Mining's stock rose 2.2%, opening at $17.89, with a market cap of $4.54 billion and a notable earnings per share (EPS) of $0.40 in its last quarterly report.
• Analysts have recently upgraded their ratings on Buenaventura Mining, with Scotiabank raising the target price from $15.00 to $15.50 and Wall Street Zen changing its rating from "hold" to "buy."

Mackenzie Financial Corp bought a new stake in Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 52,390 shares of the mining company's stock, valued at approximately $819,000.

A number of other hedge funds have also recently added to or reduced their stakes in BVN. GAMMA Investing LLC raised its stake in shares of Buenaventura Mining by 17.1% during the 1st quarter. GAMMA Investing LLC now owns 11,382 shares of the mining company's stock worth $178,000 after buying an additional 1,665 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of Buenaventura Mining by 13.0% during the 4th quarter. Quadrant Capital Group LLC now owns 15,217 shares of the mining company's stock worth $175,000 after purchasing an additional 1,749 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Buenaventura Mining during the 1st quarter worth $36,000. Sei Investments Co. increased its holdings in shares of Buenaventura Mining by 9.5% in the 4th quarter. Sei Investments Co. now owns 28,841 shares of the mining company's stock valued at $332,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in shares of Buenaventura Mining by 0.6% in the fourth quarter. Nuveen Asset Management LLC now owns 416,237 shares of the mining company's stock valued at $4,795,000 after purchasing an additional 2,500 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wall Street Zen upgraded Buenaventura Mining from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Scotiabank raised their price target on Buenaventura Mining from $15.00 to $15.50 and gave the company a "sector perform" rating in a research report on Monday, April 14th.

Buenaventura Mining Price Performance

Shares of BVN traded down $0.21 during mid-day trading on Friday, reaching $18.29. 882,756 shares of the company's stock were exchanged, compared to its average volume of 1,030,344. Buenaventura Mining Company Inc. has a 52-week low of $11.50 and a 52-week high of $18.79. The company has a market cap of $4.64 billion, a price-to-earnings ratio of 9.28 and a beta of 0.34. The company has a 50-day simple moving average of $16.77 and a two-hundred day simple moving average of $14.99. The company has a quick ratio of 1.58, a current ratio of 2.54 and a debt-to-equity ratio of 0.23.

Buenaventura Mining (NYSE:BVN - Get Free Report) last released its earnings results on Thursday, July 24th. The mining company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.10. The company 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, sell-side analysts predict that Buenaventura Mining Company Inc. will post 1.13 EPS for the current fiscal year.

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.