326,537 Shares in Buenaventura Mining Company Inc. $BVN Purchased by Nuveen LLC

Key Points

• Nuveen LLC acquired a new stake of 326,537 shares in Buenaventura Mining Company Inc. during the first quarter, valued at approximately $5.1 million, representing 0.13% of the company.
• Several other hedge funds increased their positions in BVN, with Northern Trust Corp raising its stake by 105.3% to 1,235,916 shares worth $14.2 million.
• Analysts have downgraded Buenaventura Mining from a "buy" to a "hold" rating, with a consensus target price of $16.75 and a current market price of $18.90.

Nuveen LLC purchased a new stake in shares of Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 326,537 shares of the mining company's stock, valued at approximately $5,104,000. Nuveen LLC owned about 0.13% of Buenaventura Mining at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Buenaventura Mining in the 1st quarter valued at $36,000. Headlands Technologies LLC bought a new stake in Buenaventura Mining in the first quarter worth $37,000. Voya Investment Management LLC purchased a new stake in Buenaventura Mining during the fourth quarter valued at about $144,000. Cetera Investment Advisers purchased a new stake in Buenaventura Mining during the first quarter valued at about $157,000. Finally, Bridgefront Capital LLC bought a new position in shares of Buenaventura Mining during the fourth quarter valued at about $158,000.

Wall Street Analysts Forecast Growth

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

Buenaventura Mining Stock Up 1.7%

Shares of NYSE:BVN traded up $0.32 during trading on Monday, hitting $19.18. The stock had a trading volume of 1,239,197 shares, compared to its average volume of 958,696. The company has a market capitalization of $4.86 billion, a PE ratio of 9.73 and a beta of 0.28. The company has a quick ratio of 2.31, a current ratio of 2.54 and a debt-to-equity ratio of 0.23. The firm's fifty day moving average is $17.48 and its 200 day moving average is $15.68. Buenaventura Mining Company Inc. has a 12 month low of $11.50 and a 12 month high of $19.24.

Buenaventura Mining (NYSE:BVN - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The mining company reported $0.40 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 9.47% and a net margin of 38.38%. Analysts anticipate that Buenaventura Mining Company Inc. will post 1.13 EPS for the current fiscal 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.