Buenaventura Mining Company Inc. $BVN Stock Position Lessened by IFM Investors Pty Ltd

IFM Investors Pty Ltd lowered its stake in Buenaventura Mining Company Inc. (NYSE:BVN) by 14.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,878 shares of the mining company’s stock after selling 6,734 shares during the quarter. IFM Investors Pty Ltd’s holdings in Buenaventura Mining were worth $655,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of BVN. Helikon Investments Ltd bought a new stake in shares of Buenaventura Mining during the 1st quarter worth about $26,686,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Buenaventura Mining by 12.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,502,101 shares of the mining company’s stock valued at $85,998,000 after acquiring an additional 591,482 shares during the period. Polunin Capital Partners Ltd acquired a new stake in Buenaventura Mining in the first quarter worth approximately $7,804,000. Northern Trust Corp boosted its stake in Buenaventura Mining by 32.9% during the 1st quarter. Northern Trust Corp now owns 1,642,557 shares of the mining company’s stock valued at $25,673,000 after purchasing an additional 406,641 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Buenaventura Mining during the 1st quarter valued at $5,104,000.

Buenaventura Mining Trading Up 2.2%

Shares of NYSE BVN opened at $22.00 on Wednesday. The company has a quick ratio of 2.31, a current ratio of 2.54 and a debt-to-equity ratio of 0.23. Buenaventura Mining Company Inc. has a 12 month low of $11.50 and a 12 month high of $22.25. The company has a market cap of $5.58 billion, a price-to-earnings ratio of 11.17 and a beta of 0.28. The business has a fifty day simple moving average of $18.71 and a 200-day simple moving average of $16.46.

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Wall Street Zen lowered Buenaventura Mining from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Zacks Research raised shares of Buenaventura Mining from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $15.50.

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.