Buenaventura Mining Company Inc. $BVN Shares Bought by American Century Companies Inc.

American Century Companies Inc. increased its position in Buenaventura Mining Company Inc. (NYSE:BVN) by 146.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,737,984 shares of the mining company’s stock after acquiring an additional 1,033,045 shares during the period. American Century Companies Inc. owned approximately 0.69% of Buenaventura Mining worth $42,285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Lester Murray Antman dba SimplyRich increased its holdings in Buenaventura Mining by 1.9% in the third quarter. Lester Murray Antman dba SimplyRich now owns 44,927 shares of the mining company’s stock valued at $1,093,000 after buying an additional 822 shares in the last quarter. Blue Trust Inc. grew its holdings in Buenaventura Mining by 18.8% in the third quarter. Blue Trust Inc. now owns 8,111 shares of the mining company’s stock valued at $197,000 after purchasing an additional 1,283 shares during the period. Headlands Technologies LLC increased its position 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 valued at $62,000 after buying an additional 1,424 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Buenaventura Mining by 24.9% during the second quarter. PNC Financial Services Group Inc. now owns 8,210 shares of the mining company’s stock worth $135,000 after acquiring an additional 1,637 shares during the period. Finally, Savant Capital LLC lifted its holdings in Buenaventura Mining by 17.2% during the third quarter. Savant Capital LLC now owns 11,873 shares of the mining company’s stock valued at $289,000 after purchasing an additional 1,744 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BVN. Weiss Ratings reissued a “buy (b)” rating on shares of Buenaventura Mining in a research note on Monday, December 29th. Scotiabank upped their target price on shares of Buenaventura Mining from $42.00 to $44.00 and gave the stock a “sector perform” rating in a report on Monday, March 2nd. Wall Street Zen raised Buenaventura Mining from a “hold” rating to a “buy” rating in a research note on Sunday, March 1st. Finally, Zacks Research upgraded shares of 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 given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $44.00.

Buenaventura Mining Price Performance

Shares of NYSE:BVN opened at $37.22 on Friday. Buenaventura Mining Company Inc. has a 12 month low of $12.56 and a 12 month high of $44.67. The firm has a market capitalization of $9.44 billion, a P/E ratio of 12.08 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 company’s fifty day moving average price is $35.99 and its 200 day moving average price is $27.74.

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

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.