99,575 Shares in Buenaventura Mining Company Inc. $BVN Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. bought a new stake in Buenaventura Mining Company Inc. (NYSE:BVN) during the third quarter, HoldingsChannel reports. The institutional investor bought 99,575 shares of the mining company’s stock, valued at approximately $2,423,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Invesco Ltd. raised its holdings in shares of Buenaventura Mining by 2,318.6% in the 2nd quarter. Invesco Ltd. now owns 633,036 shares of the mining company’s stock valued at $10,394,000 after buying an additional 606,862 shares during the period. Artisan Partners Limited Partnership grew its position in Buenaventura Mining by 69.4% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,217,376 shares of the mining company’s stock valued at $19,989,000 after acquiring an additional 498,585 shares in the last quarter. Candriam S.C.A. increased its stake in Buenaventura Mining by 170.0% during the second quarter. Candriam S.C.A. now owns 630,000 shares of the mining company’s stock worth $10,345,000 after purchasing an additional 396,681 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Buenaventura Mining by 20.6% during the second quarter. JPMorgan Chase & Co. now owns 2,291,838 shares of the mining company’s stock worth $37,632,000 after purchasing an additional 391,465 shares in the last quarter. Finally, Tidal Investments LLC boosted its stake in shares of Buenaventura Mining by 11.8% in the second quarter. Tidal Investments LLC now owns 2,858,519 shares of the mining company’s stock valued at $46,937,000 after purchasing an additional 302,523 shares during the period.

Buenaventura Mining Trading Up 2.9%

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Scotiabank cut their target price on shares of Buenaventura Mining from $27.50 to $27.00 and set a “sector perform” rating on the stock in a research note on Wednesday, November 19th. Wall Street Zen cut Buenaventura Mining from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Buenaventura Mining in a report on Monday, December 29th. Finally, Zacks Research upgraded Buenaventura Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. One equities research 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $27.00.

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.