Envestnet Asset Management Inc. Acquires Shares of 99,575 Buenaventura Mining Company Inc. $BVN

Envestnet Asset Management Inc. bought a new position in shares of Buenaventura Mining Company Inc. (NYSE:BVN) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 99,575 shares of the mining company’s stock, valued at approximately $2,423,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its stake in Buenaventura Mining by 27.8% in the first quarter. Goldman Sachs Group Inc. now owns 427,509 shares of the mining company’s stock worth $6,682,000 after purchasing an additional 93,021 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted 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 worth $19,982,000 after buying an additional 25,440 shares during the period. D.A. Davidson & CO. bought a new position in shares of Buenaventura Mining during the 2nd quarter worth $217,000. Savant Capital LLC purchased a new position in shares of Buenaventura Mining during the second quarter valued at $166,000. Finally, Fox Run Management L.L.C. increased its position in Buenaventura Mining by 174.7% during the 2nd quarter. Fox Run Management L.L.C. now owns 57,223 shares of the mining company’s stock valued at $940,000 after purchasing an additional 36,395 shares during the period.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BVN. Wall Street Zen downgraded shares of Buenaventura Mining from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Scotiabank lowered their target price on Buenaventura Mining from $27.50 to $27.00 and set a “sector perform” rating for the company in a report on Wednesday, November 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Buenaventura Mining in a research report on Monday, December 29th. Finally, Zacks Research raised Buenaventura Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Buenaventura Mining currently has an average rating of “Buy” and a consensus target price of $27.00.

Buenaventura Mining Trading Up 2.9%

BVN opened at $41.19 on Friday. The stock has a market capitalization of $10.45 billion, a PE ratio of 24.23 and a beta of 0.31. Buenaventura Mining Company Inc. has a one year low of $12.45 and a one year high of $41.28. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.05 and a current ratio of 2.27. The business’s 50 day moving average price is $34.73 and its 200 day moving average price is $26.84.

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.