American Century Companies Inc. Boosts Stock Position in Buenaventura Mining Company Inc. $BVN

American Century Companies Inc. increased its stake in Buenaventura Mining Company Inc. (NYSE:BVN) by 4.4% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 553,021 shares of the mining company’s stock after buying an additional 23,063 shares during the period. American Century Companies Inc. owned 0.22% of Buenaventura Mining worth $8,644,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Fox Run Management L.L.C. bought a new position in Buenaventura Mining in the 1st quarter valued at approximately $326,000. Resona Asset Management Co. Ltd. lifted its position in Buenaventura Mining by 4.6% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 43,580 shares of the mining company’s stock valued at $680,000 after acquiring an additional 1,908 shares in the last quarter. Nuveen LLC bought a new position in Buenaventura Mining in the 1st quarter valued at approximately $5,104,000. Helikon Investments Ltd bought a new position in Buenaventura Mining in the 1st quarter valued at approximately $26,686,000. Finally, Citigroup Inc. lifted its position in Buenaventura Mining by 23.4% in the 1st quarter. Citigroup Inc. now owns 453,933 shares of the mining company’s stock valued at $7,095,000 after acquiring an additional 85,994 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Buenaventura Mining from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Buenaventura Mining presently has an average rating of “Moderate Buy” and a consensus price target of $16.75.

Buenaventura Mining Price Performance

NYSE BVN opened at $18.90 on Wednesday. The business’s fifty day moving average price is $17.28 and its 200-day moving average price is $15.50. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 9.60 and a beta of 0.34. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.54 and a quick ratio of 2.31. Buenaventura Mining Company Inc. has a 1-year low of $11.50 and a 1-year high of $19.04.

Buenaventura Mining (NYSE:BVN) last released its quarterly earnings results on Thursday, July 24th. The mining company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.10. The firm had revenue of $369.50 million for the quarter, compared to analysts’ expectations of $338.29 million. Buenaventura Mining had a return on equity of 9.47% and a net margin of 38.38%. On average, equities analysts predict that Buenaventura Mining Company Inc. will post 1.13 earnings per share for the current year.

Buenaventura Mining Profile

Compañía de Minas Buenaventura SAA. engages in the exploration, development, construction, and operation of mineral processing business. The company explores for gold, silver, lead, zinc, and copper metals. It operates operating mining units, including Tambomayo located in the Caylloma province, Orcopampa Unit located in the province of Castilla, Uchucchacua located in province of Oyón, Julcani located in province of Angaraes, Peru, as well as San Gabrie located in the province of General Sánchez Cerro, in the Moquegua region.