Ninepoint Partners LP Invests $3.67 Million in Buenaventura Mining Company Inc. $BVN

Ninepoint Partners LP acquired a new stake in shares of Buenaventura Mining Company Inc. (NYSE:BVN) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 125,466 shares of the mining company’s stock, valued at approximately $3,675,000.

Other large investors also recently modified their holdings of the company. Oldfield Partners LLP boosted its holdings in Buenaventura Mining by 6.4% in the 2nd quarter. Oldfield Partners LLP now owns 44,816 shares of the mining company’s stock worth $1,313,000 after buying an additional 2,678 shares during the period. E. Ohman J or Asset Management AB lifted its position in shares of Buenaventura Mining by 22.5% in the second quarter. E. Ohman J or Asset Management AB now owns 12,500 shares of the mining company’s stock valued at $366,000 after acquiring an additional 2,300 shares in the last quarter. Liontrust Investment Partners LLP lifted its position in shares of Buenaventura Mining by 8.3% in the first quarter. Liontrust Investment Partners LLP now owns 13,000 shares of the mining company’s stock valued at $469,000 after acquiring an additional 1,000 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Buenaventura Mining by 13,674.3% in the first quarter. Royal Bank of Canada now owns 720,810 shares of the mining company’s stock worth $25,977,000 after acquiring an additional 715,577 shares during the period. Finally, Quantinno Capital Management LP grew its position in shares of Buenaventura Mining by 9.1% during the first quarter. Quantinno Capital Management LP now owns 69,523 shares of the mining company’s stock worth $2,506,000 after purchasing an additional 5,803 shares in the last quarter.

Buenaventura Mining Stock Performance

NYSE:BVN opened at $34.24 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.01 and a quick ratio of 1.88. Buenaventura Mining Company Inc. has a 1 year low of $18.24 and a 1 year high of $44.67. The stock’s 50 day simple moving average is $31.66 and its two-hundred day simple moving average is $34.20. The company has a market cap of $8.69 billion, a price-to-earnings ratio of 7.75 and a beta of 0.43.

Buenaventura Mining (NYSE:BVN) last posted its earnings results on Thursday, July 30th. The mining company reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.05). Buenaventura Mining had a net margin of 50.88% and a return on equity of 27.72%. The firm had revenue of $528.99 million for the quarter, compared to the consensus estimate of $610.00 million. As a group, equities analysts anticipate that Buenaventura Mining Company Inc. will post 4.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BVN. Weiss Ratings reissued a “buy (b-)” rating on shares of Buenaventura Mining in a report on Friday, July 31st. Scotiabank reduced their price objective on shares of Buenaventura Mining from $44.00 to $40.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 14th. Morgan Stanley lowered their target price on shares of Buenaventura Mining from $42.50 to $34.50 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. Finally, Wall Street Zen cut shares of Buenaventura Mining from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Buenaventura Mining currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.25.

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.