Buenaventura Mining Company Inc. $BVN Shares Purchased by Royal Bank of Canada

Royal Bank of Canada boosted its position in shares of Buenaventura Mining Company Inc. (NYSE:BVN) by 13,674.3% during the first quarter, Holdings Channel reports. The firm owned 720,810 shares of the mining company’s stock after buying an additional 715,577 shares during the quarter. Royal Bank of Canada’s holdings in Buenaventura Mining were worth $25,977,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BVN. Quantinno Capital Management LP increased its position in shares of Buenaventura Mining by 9.1% in the first quarter. Quantinno Capital Management LP now owns 69,523 shares of the mining company’s stock valued at $2,506,000 after buying an additional 5,803 shares in the last quarter. ABS Direct Equity Fund LLC purchased a new stake in shares of Buenaventura Mining in the 1st quarter worth about $469,000. Public Employees Retirement System of Ohio grew its stake in Buenaventura Mining by 539.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 56,072 shares of the mining company’s stock valued at $2,021,000 after acquiring an additional 47,300 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Buenaventura Mining by 32.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,301,015 shares of the mining company’s stock valued at $82,929,000 after acquiring an additional 558,186 shares during the last quarter. Finally, Bank of Nova Scotia grew its stake in Buenaventura Mining by 83.0% in the 1st quarter. Bank of Nova Scotia now owns 2,520,383 shares of the mining company’s stock valued at $90,835,000 after acquiring an additional 1,143,072 shares during the last quarter.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Morgan Stanley cut their target price 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. Scotiabank lowered their price target 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. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Buenaventura Mining in a research note on Friday. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $37.25.

Buenaventura Mining Price Performance

NYSE:BVN opened at $32.25 on Wednesday. Buenaventura Mining Company Inc. has a 12-month low of $17.34 and a 12-month high of $44.67. The firm has a market cap of $8.18 billion, a price-to-earnings ratio of 7.30 and a beta of 0.43. The company’s 50-day moving average is $31.51 and its two-hundred day moving average is $34.45. The company has a current ratio of 2.01, a quick ratio of 1.88 and a debt-to-equity ratio of 0.16.

Buenaventura Mining (NYSE:BVN) last issued its quarterly 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). The firm had revenue of $528.99 million for the quarter, compared to analysts’ expectations of $610.00 million. Buenaventura Mining had a return on equity of 27.72% and a net margin of 50.88%. Research analysts expect that Buenaventura Mining Company Inc. will post 4.37 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.