Nykredit A S Buys New Position in Buenaventura Mining Company Inc. $BVN

Nykredit A S purchased a new position in shares of Buenaventura Mining Company Inc. (NYSE:BVN) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 104,121 shares of the mining company’s stock, valued at approximately $3,050,000.

Other hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its stake in Buenaventura Mining by 3,096,894.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,884,290 shares of the mining company’s stock worth $163,760,000 after acquiring an additional 5,884,100 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Buenaventura Mining by 244.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,742,829 shares of the mining company’s stock worth $48,503,000 after purchasing an additional 1,236,480 shares in the last quarter. Bank of Nova Scotia boosted its stake in Buenaventura Mining by 83.0% during the first quarter. Bank of Nova Scotia now owns 2,520,383 shares of the mining company’s stock valued at $90,835,000 after buying an additional 1,143,072 shares during the last quarter. FIL Ltd raised its stake in Buenaventura Mining by 8.8% during the fourth quarter. FIL Ltd now owns 13,473,909 shares of the mining company’s stock valued at $374,979,000 after purchasing an additional 1,085,443 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Buenaventura Mining by 672.9% during the 4th quarter. Millennium Management LLC now owns 980,530 shares of the mining company’s stock valued at $27,288,000 after buying an additional 853,670 shares in the last quarter.

Analyst Upgrades and Downgrades

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

Buenaventura Mining Price Performance

Shares of BVN stock opened at $33.92 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.59 and a quick ratio of 2.43. The company has a market capitalization of $8.61 billion, a P/E ratio of 7.67 and a beta of 0.46. The company’s 50-day simple moving average is $32.20 and its two-hundred day simple moving average is $34.02. Buenaventura Mining Company Inc. has a one year low of $19.55 and a one year high of $44.67.

Buenaventura Mining (NYSE:BVN) last posted its quarterly earnings data on Thursday, July 30th. The mining company reported $0.94 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.05). Buenaventura Mining had a return on equity of 26.53% and a net margin of 50.88%.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 3.93 EPS for the current 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.