Diversify Advisory Services LLC Buys New Shares in Buenaventura Mining Company Inc. $BVN

Diversify Advisory Services LLC acquired a new position in shares of Buenaventura Mining Company Inc. (NYSE:BVN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 23,961 shares of the mining company’s stock, valued at approximately $583,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC increased its holdings in Buenaventura Mining by 5.9% during the 3rd quarter. Barclays PLC now owns 114,724 shares of the mining company’s stock worth $2,791,000 after purchasing an additional 6,402 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Buenaventura Mining by 0.7% during the third quarter. Dimensional Fund Advisors LP now owns 234,853 shares of the mining company’s stock worth $5,714,000 after purchasing an additional 1,536 shares during the period. Sprott Inc. purchased a new position in shares of Buenaventura Mining in the third quarter valued at $25,647,000. William Blair Investment Management LLC bought a new stake in Buenaventura Mining during the 3rd quarter worth approximately $8,509,000. Finally, APG Asset Management N.V. increased its stake in Buenaventura Mining by 125.6% in the 3rd quarter. APG Asset Management N.V. now owns 91,787 shares of the mining company’s stock worth $2,233,000 after acquiring an additional 51,100 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BVN. Weiss Ratings reiterated a “buy (b)” rating on shares of Buenaventura Mining in a research report on Monday, December 29th. Wall Street Zen raised Buenaventura Mining from a “hold” rating to a “buy” rating in a research note on Sunday, March 1st. Zacks Research raised Buenaventura Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. Finally, Scotiabank lifted their price target on shares of Buenaventura Mining from $42.00 to $44.00 and gave the company a “sector perform” rating in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Buenaventura Mining presently has a consensus rating of “Buy” and a consensus target price of $44.00.

Buenaventura Mining Stock Performance

Buenaventura Mining stock opened at $36.70 on Friday. Buenaventura Mining Company Inc. has a twelve month low of $12.56 and a twelve month high of $44.67. The company has a quick ratio of 2.05, a current ratio of 2.27 and a debt-to-equity ratio of 0.18. The stock’s 50 day moving average is $36.77 and its 200 day moving average is $28.28. The company has a market capitalization of $9.31 billion, a P/E ratio of 11.92 and a beta of 0.26.

Buenaventura Mining (NYSE:BVN) last posted its quarterly earnings results on Thursday, February 26th. The mining company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $1.03. The firm had revenue of $623.40 million during the quarter, compared to analyst estimates of $451.60 million. Buenaventura Mining had a return on equity of 21.09% and a net margin of 45.17%. On average, equities research analysts predict that Buenaventura Mining Company Inc. will post 1.13 earnings per share for the current fiscal year.

Buenaventura Mining Company Profile

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.