Public Employees Retirement System of Ohio Grows Position in Buenaventura Mining Company Inc. $BVN

Public Employees Retirement System of Ohio boosted its position in shares of Buenaventura Mining Company Inc. (NYSE:BVN) by 539.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,072 shares of the mining company’s stock after purchasing an additional 47,300 shares during the period. Public Employees Retirement System of Ohio’s holdings in Buenaventura Mining were worth $2,021,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise bought a new stake in Buenaventura Mining in the first quarter worth about $45,000. Smartleaf Asset Management LLC boosted its position in shares of Buenaventura Mining by 1,725.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,917 shares of the mining company’s stock valued at $55,000 after buying an additional 1,812 shares during the period. Raymond James Financial Inc. bought a new position in shares of Buenaventura Mining during the second quarter valued at approximately $32,000. Rockefeller Capital Management L.P. grew its stake in shares of Buenaventura Mining by 199.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,449 shares of the mining company’s stock valued at $96,000 after buying an additional 2,298 shares during the last quarter. Finally, Headlands Technologies LLC raised its holdings in shares of Buenaventura Mining by 60.9% in the second quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company’s stock worth $62,000 after buying an additional 1,424 shares during the period.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on BVN shares. Morgan Stanley decreased their price target on Buenaventura Mining from $42.50 to $34.50 and set an “overweight” rating for the company in a research note on Wednesday, July 8th. Weiss Ratings downgraded Buenaventura Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Finally, Scotiabank reduced their target price on Buenaventura Mining from $44.00 to $40.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 14th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $37.25.

Buenaventura Mining Price Performance

Buenaventura Mining stock opened at $30.29 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. The stock has a market cap of $7.69 billion, a price-to-earnings ratio of 6.85 and a beta of 0.42. The firm has a 50-day moving average of $31.63 and a two-hundred day moving average of $34.49. Buenaventura Mining Company Inc. has a 1 year low of $16.90 and a 1 year high of $44.67.

Buenaventura Mining (NYSE:BVN) last issued 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 return on equity of 24.89% and a net margin of 47.72%.The company had revenue of $528.99 million for the quarter, compared to analysts’ expectations of $610.00 million. On average, research analysts forecast that Buenaventura Mining Company Inc. will post 4.37 earnings per share for the current 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.