Buenaventura Mining Company Inc. $BVN Position Increased by Diversify Wealth Management LLC

Diversify Wealth Management LLC boosted its stake in shares of Buenaventura Mining Company Inc. (NYSE:BVN) by 43.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 101,882 shares of the mining company’s stock after purchasing an additional 30,611 shares during the quarter. Diversify Wealth Management LLC’s holdings in Buenaventura Mining were worth $3,672,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Polunin Capital Partners Ltd boosted its holdings in shares of Buenaventura Mining by 8.2% during the fourth quarter. Polunin Capital Partners Ltd now owns 540,381 shares of the mining company’s stock valued at $15,039,000 after acquiring an additional 41,100 shares during the period. Jennison Associates LLC acquired a new stake in shares of Buenaventura Mining in the 4th quarter worth about $14,657,000. Diversified Trust Co bought a new stake in Buenaventura Mining in the 1st quarter valued at about $2,035,000. Robeco Institutional Asset Management B.V. lifted its position in Buenaventura Mining by 738.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,979,757 shares of the mining company’s stock valued at $82,927,000 after purchasing an additional 2,624,485 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Buenaventura Mining by 38.5% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,196,976 shares of the mining company’s stock valued at $175,102,000 after purchasing an additional 1,999,475 shares during the period.

Wall Street Analyst Weigh In

BVN has been the topic of several analyst reports. Weiss Ratings lowered shares of Buenaventura Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Wall Street Zen upgraded Buenaventura Mining from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 28th. Morgan Stanley decreased their price objective on Buenaventura Mining from $42.50 to $34.50 and set an “overweight” rating for the company in a report on Wednesday, July 8th. Finally, Zacks Research cut Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.25.

Buenaventura Mining Price Performance

NYSE BVN opened at $30.07 on Monday. Buenaventura Mining Company Inc. has a 1 year low of $16.06 and a 1 year high of $44.67. The business’s fifty day moving average is $32.82 and its two-hundred day moving average is $34.38. The stock has a market capitalization of $7.63 billion, a P/E ratio of 7.81 and a beta of 0.42. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.88 and a current ratio of 2.01.

Buenaventura Mining (NYSE:BVN) last released its quarterly earnings data on Thursday, April 30th. The mining company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.23. The business had revenue of $624.56 million during the quarter, compared to analyst estimates of $666.00 million. Buenaventura Mining had a return on equity of 24.89% and a net margin of 47.72%. On average, research analysts forecast that Buenaventura Mining Company Inc. will post 4.22 earnings per share for the current fiscal year.

About Buenaventura Mining

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.