Navellier & Associates Inc. boosted its holdings in Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) by 40.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 127,883 shares of the mining company's stock after purchasing an additional 36,652 shares during the quarter. Navellier & Associates Inc. owned about 0.05% of Buenaventura Mining worth $3,746,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. FIL Ltd lifted its stake in shares of Buenaventura Mining by 8.8% in the fourth quarter. FIL Ltd now owns 13,473,909 shares of the mining company's stock valued at $374,979,000 after buying an additional 1,085,443 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Buenaventura Mining by 3,096,894.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,884,290 shares of the mining company's stock worth $163,760,000 after acquiring an additional 5,884,100 shares in the last quarter. State Street Corp increased its position in shares of Buenaventura Mining by 1.2% during the fourth quarter. State Street Corp now owns 3,586,205 shares of the mining company's stock worth $99,804,000 after acquiring an additional 44,033 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Buenaventura Mining by 10.5% in the 3rd quarter. Tidal Investments LLC now owns 3,158,341 shares of the mining company's stock worth $76,842,000 after acquiring an additional 299,822 shares during the last quarter. Finally, Bank of Nova Scotia raised its holdings in shares of Buenaventura Mining by 83.0% in the 1st quarter. Bank of Nova Scotia now owns 2,520,383 shares of the mining company's stock worth $90,835,000 after acquiring an additional 1,143,072 shares during the last quarter.
Buenaventura Mining Stock Performance
BVN stock opened at $35.36 on Friday. The company has a quick ratio of 1.88, a current ratio of 2.01 and a debt-to-equity ratio of 0.16. The firm has a market cap of $8.97 billion, a PE ratio of 8.00 and a beta of 0.43. The business has a 50 day moving average of $31.88 and a 200-day moving average of $34.21. Buenaventura Mining Company Inc. has a 12-month low of $18.81 and a 12-month high of $44.67.
Buenaventura Mining (NYSE:BVN - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The mining company reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.05). The business had revenue of $528.99 million during the quarter, compared to analysts' expectations of $610.00 million. Buenaventura Mining had a return on equity of 27.13% and a net margin of 50.88%. As a group, sell-side analysts expect that Buenaventura Mining Company Inc. will post 3.93 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the company. Wall Street Zen downgraded Buenaventura Mining from a "buy" rating to a "hold" rating in a research note on Sunday, August 16th. Scotiabank lowered their price objective on Buenaventura Mining from $44.00 to $40.00 and set a "sector perform" rating for the company in a research note on Tuesday, July 14th. Weiss Ratings restated a "buy (b-)" rating on shares of Buenaventura Mining in a report on Friday, July 31st. Finally, Morgan Stanley cut their target price on Buenaventura Mining from $42.50 to $34.50 and set an "overweight" rating on the stock in a research report on Wednesday, July 8th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $37.25.
Check Out Our Latest Stock Report on BVN
Buenaventura Mining Company Profile
(
Free Report)
Compañía de Minas Buenaventura SAA. NYSE: BVN is one of Peru's leading precious metals producers, primarily engaged in the exploration, development and operation of gold, silver and base metal mines. Headquartered in Lima, the company's core activities cover the entire mining cycle from concession acquisition and project evaluation to extraction, milling and metal refining. Buenaventura also holds interests in smelting, refining and trading services, enabling it to market its products both domestically and internationally.
The company's principal assets include several operating mines in Peru such as Uchucchacua (silver-lead-zinc), Orcopampa (gold-silver) and the Tambomayo gold mine.
Featured Articles
Want to see what other hedge funds are holding BVN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Buenaventura Mining Company Inc. (NYSE:BVN - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Buenaventura Mining, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Buenaventura Mining wasn't on the list.
While Buenaventura Mining currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
A strong long-term portfolio starts with companies that can survive recessions, inflation, changing consumer habits, and shifting market leadership.
This report names seven blue-chip stocks across technology, retail, consumer staples, healthcare, networking, sporting goods, and utilities that offer investors a mix of stability, income, growth, and staying power.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
