Centrica Wealth Management LLC Buys Shares of 4,330,200 Buenaventura Mining Company Inc. $BVN

Centrica Wealth Management LLC bought a new position in shares of Buenaventura Mining Company Inc. (NYSE:BVN) during the 2nd quarter, HoldingsChannel reports. The firm bought 4,330,200 shares of the mining company’s stock, valued at approximately $131,547,000. Buenaventura Mining comprises approximately 99.1% of Centrica Wealth Management LLC’s holdings, making the stock its largest holding.

A number of other large investors have also recently made changes to their positions in BVN. Raymond James Financial Inc. purchased a new position in shares of Buenaventura Mining in the second quarter valued at $32,000. Banque Cantonale Vaudoise purchased a new stake in Buenaventura Mining during the 1st quarter worth about $45,000. Smartleaf Asset Management LLC lifted its holdings in Buenaventura Mining by 1,725.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,917 shares of the mining company’s stock worth $55,000 after purchasing an additional 1,812 shares in the last quarter. Headlands Technologies LLC boosted its stake in Buenaventura Mining by 60.9% in the 2nd quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company’s stock worth $62,000 after purchasing an additional 1,424 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its stake in Buenaventura Mining by 199.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,449 shares of the mining company’s stock worth $96,000 after purchasing an additional 2,298 shares during the period.

Wall Street Analysts Forecast Growth

BVN has been the topic of several analyst reports. Wall Street Zen cut Buenaventura Mining from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Morgan Stanley cut their price objective on shares of Buenaventura Mining from $42.50 to $34.50 and set an “overweight” rating for the company in a research report on Wednesday, July 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Buenaventura Mining in a research note on Friday, July 31st. Finally, Scotiabank decreased their target price on shares of Buenaventura Mining from $44.00 to $40.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 14th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Buenaventura Mining has an average rating of “Moderate Buy” and a consensus price target of $37.25.

Buenaventura Mining Price Performance

Buenaventura Mining stock opened at $33.92 on Friday. The stock has a market cap of $8.61 billion, a price-to-earnings ratio of 7.67 and a beta of 0.46. The company has a quick ratio of 2.43, a current ratio of 2.59 and a debt-to-equity ratio of 0.15. The business has a 50-day simple moving average of $32.20 and a 200 day simple moving average of $34.05. Buenaventura Mining Company Inc. has a 52 week low of $19.55 and a 52 week high of $44.67.

Buenaventura Mining (NYSE:BVN) last released its quarterly earnings results on Thursday, July 30th. The mining company reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.05). The business had revenue of $528.99 million during the quarter, compared to analysts’ expectations of $610.00 million. Buenaventura Mining had a net margin of 50.88% and a return on equity of 26.53%. On average, research analysts forecast that Buenaventura Mining Company Inc. will post 3.93 earnings per share for the current fiscal year.

Buenaventura Mining Company 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.