Artisan Partners Limited Partnership Has $30.24 Million Stake in Buenaventura Mining Company Inc. $BVN

Artisan Partners Limited Partnership lifted its holdings in shares of Buenaventura Mining Company Inc. (NYSE:BVN) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,242,845 shares of the mining company’s stock after purchasing an additional 25,469 shares during the quarter. Artisan Partners Limited Partnership’s holdings in Buenaventura Mining were worth $30,238,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Lester Murray Antman dba SimplyRich increased its stake in Buenaventura Mining by 1.9% during the 3rd quarter. Lester Murray Antman dba SimplyRich now owns 44,927 shares of the mining company’s stock worth $1,093,000 after purchasing an additional 822 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of 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 buying an additional 1,283 shares during the period. Headlands Technologies LLC increased its position in shares of Buenaventura Mining by 60.9% during 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 in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Buenaventura Mining by 24.9% during the second quarter. PNC Financial Services Group Inc. now owns 8,210 shares of the mining company’s stock worth $135,000 after acquiring an additional 1,637 shares in the last quarter. Finally, Savant Capital LLC raised its holdings in shares of Buenaventura Mining by 17.2% during the third quarter. Savant Capital LLC now owns 11,873 shares of the mining company’s stock worth $289,000 after acquiring an additional 1,744 shares during the period.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wall Street Zen raised shares of Buenaventura Mining from a “hold” rating to a “buy” rating in a research note on Sunday. Zacks Research upgraded Buenaventura Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Buenaventura Mining in a research report on Monday, December 29th. Finally, Scotiabank dropped their target price on Buenaventura Mining from $27.50 to $27.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Buenaventura Mining currently has an average rating of “Buy” and a consensus price target of $27.00.

Buenaventura Mining Trading Up 5.7%

Shares of NYSE:BVN opened at $43.48 on Friday. The company’s 50-day moving average price is $35.03 and its two-hundred day moving average price is $27.08. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.27 and a quick ratio of 2.05. Buenaventura Mining Company Inc. has a one year low of $12.45 and a one year high of $44.67. The stock has a market capitalization of $11.03 billion, a PE ratio of 14.12 and a beta of 0.31.

Buenaventura Mining (NYSE:BVN) last announced its quarterly earnings data on Thursday, February 26th. The mining company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $0.59 by $1.03. The company had revenue of $623.40 million during the quarter, compared to analysts’ expectations of $451.60 million. Buenaventura Mining had a return on equity of 11.76% and a net margin of 30.70%. On average, equities analysts forecast that Buenaventura Mining Company Inc. will post 1.13 EPS for the current fiscal year.

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.