Polunin Capital Partners Ltd Raises Stock Position in Buenaventura Mining Company Inc. $BVN

Key Points

• Polunin Capital Partners raised its stake in Buenaventura by 8.2% in Q4 to 540,381 shares, representing about 2.4% of Polunin's portfolio and roughly 0.21% of BVN (≈$15.04M).
• Buenaventura reported a material earnings beat for the quarter—EPS $1.62 vs. $0.59 expected and revenue $623.4M vs. $451.6M—alongside a 45.2% net margin and 20.4% return on equity.
• Analysts have a consensus rating of "Hold" with an average price target of $44, though a few firms recently upgraded the stock; BVN trades near $36.50 with a market cap of $9.26B and a P/E of 11.85.

Polunin Capital Partners Ltd raised its stake in shares of Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 540,381 shares of the mining company's stock after purchasing an additional 41,100 shares during the period. Buenaventura Mining accounts for approximately 2.4% of Polunin Capital Partners Ltd's investment portfolio, making the stock its 10th biggest position. Polunin Capital Partners Ltd owned approximately 0.21% of Buenaventura Mining worth $15,039,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BVN. Raymond James Financial Inc. acquired a new stake in shares of Buenaventura Mining in the second quarter valued at about $32,000. Headlands Technologies LLC lifted its stake in shares of Buenaventura Mining by 60.9% in the second quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company's stock worth $62,000 after acquiring an additional 1,424 shares during the period. Blue Trust Inc. boosted its holdings in Buenaventura Mining by 18.8% in the third quarter. Blue Trust Inc. now owns 8,111 shares of the mining company's stock valued at $197,000 after acquiring an additional 1,283 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in Buenaventura Mining by 10.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 8,615 shares of the mining company's stock valued at $210,000 after purchasing an additional 800 shares during the period. Finally, Beverly Hills Private Wealth LLC acquired a new stake in Buenaventura Mining during the 3rd quarter valued at approximately $218,000.

Buenaventura Mining Stock Up 0.3%

Buenaventura Mining stock opened at $36.50 on Friday. The firm has a market capitalization of $9.26 billion, a price-to-earnings ratio of 11.85 and a beta of 0.40. The firm's fifty day moving average price is $36.95 and its two-hundred day moving average price is $29.90. Buenaventura Mining Company Inc. has a 1-year low of $12.56 and a 1-year high of $44.67. The company has a current ratio of 2.01, a quick ratio of 1.88 and a debt-to-equity ratio of 0.16.

Buenaventura Mining (NYSE:BVN - Get Free Report) last posted its earnings results on Friday, February 27th. The mining company reported $1.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $1.03. Buenaventura Mining had a net margin of 45.17% and a return on equity of 20.39%. The company had revenue of $623.40 million for the quarter, compared to analyst estimates of $451.60 million. On average, equities research analysts predict that Buenaventura Mining Company Inc. will post 1.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Buenaventura Mining from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 28th. Scotiabank increased their price objective on shares of Buenaventura Mining from $42.00 to $44.00 and gave the stock a "sector perform" rating in a research report on Monday, March 2nd. Weiss Ratings reissued a "buy (b)" rating on shares of Buenaventura Mining in a research note on Monday, December 29th. Finally, Zacks Research cut shares of Buenaventura Mining from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $44.00.

Buenaventura Mining Profile

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.

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