Nykredit A S Makes New Investment in Buenaventura Mining Company Inc. $BVN

Key Points

• Nykredit A S purchased 87,405 shares of Buenaventura Mining in the second quarter, valued at approximately $2.56 million. Several other institutional investors also increased their positions.
• BVN shares opened at $34.64, with a market capitalization of $8.79 billion and a 12-month trading range of $21.00 to $44.67. The company reported quarterly EPS of $0.94, below the $0.99 consensus estimate, while revenue of $528.99 million also missed expectations.
• Analyst sentiment is mixed: the stock has a consensus rating of “Hold” and an average price target of $37.25, with recent target cuts and ratings ranging from Buy to Strong Sell.

Nykredit A S bought a new position in Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 87,405 shares of the mining company's stock, valued at approximately $2,560,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Centrica Wealth Management LLC bought a new position in Buenaventura Mining in the second quarter valued at about $131,547,000. Bank of Nova Scotia boosted its holdings in shares of Buenaventura Mining by 83.0% in the first quarter. Bank of Nova Scotia now owns 2,520,383 shares of the mining company's stock worth $90,835,000 after buying an additional 1,143,072 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Buenaventura Mining by 32.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,301,015 shares of the mining company's stock worth $82,929,000 after buying an additional 558,186 shares during the last quarter. Jennison Associates LLC grew its position in Buenaventura Mining by 140.8% during the first quarter. Jennison Associates LLC now owns 1,267,998 shares of the mining company's stock valued at $45,699,000 after buying an additional 741,344 shares during the period. Finally, Legal & General Group Plc increased its holdings in Buenaventura Mining by 7.8% during the fourth quarter. Legal & General Group Plc now owns 1,124,964 shares of the mining company's stock valued at $31,308,000 after buying an additional 81,344 shares during the last quarter.

Buenaventura Mining Price Performance

Shares of Buenaventura Mining stock opened at $34.64 on Wednesday. The stock has a 50 day moving average of $33.28 and a 200 day moving average of $33.55. Buenaventura Mining Company Inc. has a 12 month low of $21.00 and a 12 month high of $44.67. The firm has a market cap of $8.79 billion, a PE ratio of 7.84 and a beta of 0.46. The company has a current ratio of 2.59, a quick ratio of 2.43 and a debt-to-equity ratio of 0.15.

Buenaventura Mining (NYSE:BVN - Get Free Report) last posted its earnings results on Thursday, July 30th. The mining company reported $0.94 earnings per share for the quarter, missing analysts' consensus estimates of $0.99 by ($0.05). Buenaventura Mining had a return on equity of 26.53% and a net margin of 50.88%.The business had revenue of $528.99 million during the quarter, compared to the consensus estimate of $610.00 million. On average, research analysts expect that Buenaventura Mining Company Inc. will post 3.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BVN. Scotiabank decreased their target price on Buenaventura Mining from $44.00 to $40.00 and set a "sector perform" rating on the stock in a report on Tuesday, July 14th. Morgan Stanley cut their price target on Buenaventura Mining from $42.50 to $34.50 and set an "overweight" rating for the company in a report on Wednesday, July 8th. Weiss Ratings restated a "buy (b-)" rating on shares of Buenaventura Mining in a research report on Friday, July 31st. Wall Street Zen downgraded Buenaventura Mining from a "buy" rating to a "hold" rating in a research note on Sunday, August 16th. Finally, Zacks Research cut Buenaventura Mining from a "hold" rating to a "strong sell" rating in a research report on Monday, September 14th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $37.25.

About Buenaventura Mining

Buenaventura Mining Company, formally Compañía de Minas Buenaventura SAA., is a Peru-based precious and base metals mining company. Its activities include the exploration, development, construction, and operation of mining projects, with production primarily focused on gold, silver, lead, zinc, and copper.

Founded in 1953, Buenaventura has developed and operated mining assets throughout Peru. Its portfolio has included the Tambomayo, Orcopampa, Uchucchacua, and Yumpag operations, as well as interests in other Peruvian mining projects.

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