MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 591,482 Shares of Buenaventura Mining Company Inc. $BVN

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. has increased its stake in Buenaventura Mining by 12.0%, acquiring an additional 591,482 shares to own approximately 5.5 million shares valued at $86 million.
• Several institutional investors, including Brooklyn Investment Group and Migdal Insurance, have also significantly modified their holdings in Buenaventura Mining, reflecting growing interest in the company.
• Buenaventura Mining reported a strong quarterly earnings of $0.40 EPS, surpassing estimates and generating revenues of $369.5 million, leading to a consensus price target of $16.75 from analysts.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) by 12.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,502,101 shares of the mining company's stock after purchasing an additional 591,482 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 2.17% of Buenaventura Mining worth $85,998,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Brooklyn Investment Group lifted its stake in Buenaventura Mining by 1,363.9% in the 1st quarter. Brooklyn Investment Group now owns 1,947 shares of the mining company's stock valued at $30,000 after acquiring an additional 1,814 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Buenaventura Mining during the 1st quarter worth approximately $36,000. Headlands Technologies LLC acquired a new position in shares of Buenaventura Mining during the 1st quarter worth approximately $37,000. Voya Investment Management LLC acquired a new position in shares of Buenaventura Mining during the 4th quarter worth approximately $144,000. Finally, Cetera Investment Advisers acquired a new position in shares of Buenaventura Mining during the 1st quarter worth approximately $157,000.

Buenaventura Mining Stock Performance

Shares of NYSE BVN opened at $19.98 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. The stock's fifty day moving average price is $17.77 and its two-hundred day moving average price is $15.82. Buenaventura Mining Company Inc. has a one year low of $11.50 and a one year high of $20.29. The firm has a market cap of $5.07 billion, a price-to-earnings ratio of 10.14 and a beta of 0.28.

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, beating analysts' consensus estimates 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 analyst estimates of $338.29 million. On average, equities analysts forecast that Buenaventura Mining Company Inc. will post 1.13 EPS for the current year.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Buenaventura Mining from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $16.75.

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.

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