Alps Advisors Inc. Has $1.95 Million Position in Buenaventura Mining Company Inc. $BVN

Alps Advisors Inc. increased its position in shares of Buenaventura Mining Company Inc. (NYSE:BVN) by 324.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 80,194 shares of the mining company’s stock after buying an additional 61,304 shares during the quarter. Alps Advisors Inc.’s holdings in Buenaventura Mining were worth $1,951,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. grew 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 acquiring an additional 391,465 shares in the last quarter. Fox Run Management L.L.C. boosted its holdings in Buenaventura Mining by 174.7% during the second quarter. Fox Run Management L.L.C. now owns 57,223 shares of the mining company’s stock worth $940,000 after purchasing an additional 36,395 shares during the last quarter. Artisan Partners Limited Partnership boosted 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 purchasing an additional 498,585 shares during the last quarter. Icon Advisers Inc. Co. bought a new position in Buenaventura Mining in the second quarter valued at $3,448,000. Finally, Candriam S.C.A. increased its stake in Buenaventura Mining by 170.0% in the 2nd quarter. Candriam S.C.A. now owns 630,000 shares of the mining company’s stock valued at $10,345,000 after buying an additional 396,681 shares during the last quarter.

Buenaventura Mining Stock Performance

NYSE BVN opened at $39.03 on Wednesday. The stock has a market cap of $9.90 billion, a PE ratio of 22.96 and a beta of 0.31. 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 firm has a 50-day moving average of $31.87 and a 200-day moving average of $25.20. Buenaventura Mining Company Inc. has a 52-week low of $12.27 and a 52-week high of $41.28.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BVN shares. Wall Street Zen upgraded shares of Buenaventura Mining from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Buenaventura Mining in a research report on Monday, December 29th. Scotiabank decreased their price target on Buenaventura Mining from $27.50 to $27.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 19th. Finally, Zacks Research upgraded Buenaventura Mining from a “hold” rating to a “strong-buy” rating in a research note 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 currently has a consensus rating of “Buy” and an average price target of $27.00.

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.