Diversify Wealth Management LLC Makes New $1.60 Million Investment in Buenaventura Mining Company Inc. $BVN

Diversify Wealth Management LLC acquired a new stake in Buenaventura Mining Company Inc. (NYSE:BVN) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 65,934 shares of the mining company’s stock, valued at approximately $1,604,000.

Other large investors have also added to or reduced their stakes in the company. Tidal Investments LLC grew its position in Buenaventura Mining by 11.8% in the second quarter. Tidal Investments LLC now owns 2,858,519 shares of the mining company’s stock valued at $46,937,000 after purchasing an additional 302,523 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Buenaventura Mining by 20.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,291,838 shares of the mining company’s stock worth $37,632,000 after buying an additional 391,465 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Buenaventura Mining by 2.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,278,411 shares of the mining company’s stock valued at $19,982,000 after acquiring an additional 25,440 shares in the last quarter. Artisan Partners Limited Partnership raised its holdings in Buenaventura Mining by 69.4% during the second quarter. Artisan Partners Limited Partnership now owns 1,217,376 shares of the mining company’s stock worth $19,989,000 after acquiring an additional 498,585 shares in the last quarter. Finally, Candriam S.C.A. boosted its position in Buenaventura Mining by 14.9% during the third quarter. Candriam S.C.A. now owns 724,000 shares of the mining company’s stock valued at $17,615,000 after purchasing an additional 94,000 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BVN shares. Scotiabank lowered their price target on Buenaventura Mining from $27.50 to $27.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 19th. Zacks Research upgraded shares of Buenaventura Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. Wall Street Zen lowered shares of Buenaventura Mining from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Buenaventura Mining in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $27.00.

Buenaventura Mining Stock Up 5.7%

BVN stock opened at $43.48 on Friday. Buenaventura Mining Company Inc. has a 1-year low of $12.45 and a 1-year high of $44.67. The business’s 50 day simple moving average is $35.03 and its 200 day simple moving average is $27.02. The company has a current ratio of 2.27, a quick ratio of 2.05 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $11.03 billion, a PE ratio of 25.58 and a beta of 0.31.

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.