Vident Advisory LLC Purchases 37,545 Shares of Buenaventura Mining Company Inc. $BVN

Key Points

• Vident Advisory LLC increased its stake in Buenaventura Mining Company Inc. by 70.1%, acquiring an additional 37,545 shares for a total of 91,093 shares valued at approximately $1.42 million.
• Buenaventura Mining Company's stock price opened at $19.61, with a market cap of $4.97 billion, following a 2.4% increase in shares.
• Analysts recently downgraded Buenaventura Mining from a "buy" to a "hold" rating, with the company receiving a consensus rating of "Moderate Buy" and an average price target of $16.75.

Vident Advisory LLC raised its position in shares of Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) by 70.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 91,093 shares of the mining company's stock after buying an additional 37,545 shares during the period. Vident Advisory LLC's holdings in Buenaventura Mining were worth $1,424,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BVN. GAMMA Investing LLC lifted its holdings in Buenaventura Mining by 17.1% in the first quarter. GAMMA Investing LLC now owns 11,382 shares of the mining company's stock worth $178,000 after buying an additional 1,665 shares during the period. BNP Paribas Financial Markets lifted its holdings in Buenaventura Mining by 1,534.8% in the fourth quarter. BNP Paribas Financial Markets now owns 149,876 shares of the mining company's stock worth $1,727,000 after buying an additional 140,708 shares during the period. QRG Capital Management Inc. purchased a new stake in Buenaventura Mining in the first quarter worth about $184,000. Bank of New York Mellon Corp lifted its holdings in Buenaventura Mining by 19.0% in the first quarter. Bank of New York Mellon Corp now owns 234,684 shares of the mining company's stock worth $3,668,000 after buying an additional 37,482 shares during the period. Finally, Northern Trust Corp lifted its holdings in Buenaventura Mining by 105.3% in the fourth quarter. Northern Trust Corp now owns 1,235,916 shares of the mining company's stock worth $14,238,000 after buying an additional 633,793 shares during the period.

Wall Street Analyst Weigh In

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

Buenaventura Mining Stock Up 0.8%

NYSE:BVN traded up $0.16 on Friday, reaching $19.98. 898,037 shares of the stock traded hands, compared to its average volume of 902,335. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 10.14 and a beta of 0.28. The company has a current ratio of 2.54, a quick ratio of 2.31 and a debt-to-equity ratio of 0.23. Buenaventura Mining Company Inc. has a 12 month low of $11.50 and a 12 month high of $20.29. The company's fifty day simple moving average is $17.77 and its 200 day simple moving average is $15.82.

Buenaventura Mining (NYSE:BVN - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The mining company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.10. The business had revenue of $369.50 million during the quarter, compared to analyst estimates of $338.29 million. Buenaventura Mining had a net margin of 38.38% and a return on equity of 9.47%. Equities analysts predict that Buenaventura Mining Company Inc. will post 1.13 EPS for the current fiscal year.

Buenaventura Mining 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.