APG Asset Management N.V. Buys 51,100 Shares of Buenaventura Mining Company Inc. $BVN

APG Asset Management N.V. lifted its stake in shares of Buenaventura Mining Company Inc. (NYSE:BVN) by 125.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 91,787 shares of the mining company’s stock after acquiring an additional 51,100 shares during the quarter. APG Asset Management N.V.’s holdings in Buenaventura Mining were worth $2,233,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in BVN. Raymond James Financial Inc. bought a new stake in Buenaventura Mining during the second quarter worth approximately $32,000. Headlands Technologies LLC lifted its stake in shares of Buenaventura Mining by 60.9% in the second quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company’s stock worth $62,000 after buying an additional 1,424 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Buenaventura Mining by 24.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,210 shares of the mining company’s stock worth $135,000 after buying an additional 1,637 shares during the period. Savant Capital LLC acquired a new position in Buenaventura Mining in the 2nd quarter valued at $166,000. Finally, Blue Trust Inc. raised its holdings in Buenaventura Mining by 18.8% in the 3rd quarter. Blue Trust Inc. now owns 8,111 shares of the mining company’s stock worth $197,000 after acquiring an additional 1,283 shares during the period.

Buenaventura Mining Stock Down 9.6%

BVN opened at $38.69 on Wednesday. The company has a market capitalization of $9.82 billion, a P/E ratio of 12.56 and a beta of 0.26. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.27 and a quick ratio of 2.05. The firm’s fifty day moving average price is $35.48 and its two-hundred day moving average price is $27.46. Buenaventura Mining Company Inc. has a fifty-two week low of $12.56 and a fifty-two week high of $44.67.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BVN shares. Wall Street Zen upgraded shares of Buenaventura Mining from a “hold” rating to a “buy” rating in a report on Sunday. Scotiabank raised their target price on Buenaventura Mining from $42.00 to $44.00 and gave the company a “sector perform” rating in a report on Monday. 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 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. According to MarketBeat, Buenaventura Mining has a consensus rating of “Buy” and an average target price of $44.00.

Buenaventura Mining 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.