Strs Ohio Invests $1.84 Million in Buenaventura Mining Company Inc. $BVN

Key Points

• Strs Ohio has acquired a new position in Buenaventura Mining Company Inc. (BVN), purchasing 117,372 shares worth approximately $1.84 million in the first quarter.
• Buenaventura Mining's stock is currently down 2.4%, with a recent opening share price of $20.15 and a market cap of $5.11 billion.
• Analysts have downgraded Buenaventura Mining from a "buy" to a "hold" rating, with a consensus price target of $16.75.

Strs Ohio purchased a new stake in Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 117,372 shares of the mining company's stock, valued at approximately $1,835,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Helikon Investments Ltd purchased a new position in Buenaventura Mining during the 1st quarter worth $26,686,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Buenaventura Mining by 12.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,502,101 shares of the mining company's stock valued at $85,998,000 after acquiring an additional 591,482 shares in the last quarter. Polunin Capital Partners Ltd bought a new position in Buenaventura Mining in the first quarter worth $7,804,000. Northern Trust Corp grew its stake in shares of Buenaventura Mining by 32.9% in the first quarter. Northern Trust Corp now owns 1,642,557 shares of the mining company's stock worth $25,673,000 after acquiring an additional 406,641 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Buenaventura Mining in the first quarter worth $5,104,000.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BVN shares. Wall Street Zen lowered shares of Buenaventura Mining from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Zacks Research upgraded Buenaventura Mining from a "hold" rating to a "strong-buy" rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, Buenaventura Mining has a consensus rating of "Buy" and an average target price of $15.50.

Buenaventura Mining Price Performance

BVN stock traded up $0.88 on Friday, reaching $20.90. The company had a trading volume of 5,248,533 shares, compared to its average volume of 1,053,333. Buenaventura Mining Company Inc. has a 1 year low of $11.50 and a 1 year high of $20.96. The company has a market cap of $5.30 billion, a P/E ratio of 10.61 and a beta of 0.28. The company's fifty day moving average is $18.50 and its 200 day moving average is $16.33. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.31 and a current ratio of 2.54.

Buenaventura Mining (NYSE:BVN - Get Free Report) last announced its 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 during the quarter, compared to the consensus estimate of $338.29 million. Buenaventura Mining had a return on equity of 9.47% and a net margin of 38.38%. On average, research analysts forecast that Buenaventura Mining Company Inc. will post 1.13 earnings per share for the current 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.