Buenaventura Mining Company Inc. $BVN Shares Purchased by Diversify Wealth Management LLC

Diversify Wealth Management LLC raised its holdings in Buenaventura Mining Company Inc. (NYSE:BVN) by 43.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 101,882 shares of the mining company’s stock after purchasing an additional 30,611 shares during the period. Diversify Wealth Management LLC’s holdings in Buenaventura Mining were worth $3,672,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of Buenaventura Mining in the second quarter worth $32,000. Banque Cantonale Vaudoise acquired a new position in Buenaventura Mining during the 1st quarter worth $45,000. Smartleaf Asset Management LLC increased its position in shares of Buenaventura Mining by 1,725.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,917 shares of the mining company’s stock worth $55,000 after purchasing an additional 1,812 shares during the last quarter. Headlands Technologies LLC raised its stake in shares of Buenaventura Mining by 60.9% in the 2nd quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company’s stock valued at $62,000 after purchasing an additional 1,424 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Buenaventura Mining by 199.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,449 shares of the mining company’s stock worth $96,000 after purchasing an additional 2,298 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Morgan Stanley decreased their price target on Buenaventura Mining from $42.50 to $34.50 and set an “overweight” rating for the company in a research note on Wednesday, July 8th. Wall Street Zen upgraded Buenaventura Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 28th. Weiss Ratings downgraded Buenaventura Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Finally, Zacks Research lowered Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $39.25.

Buenaventura Mining Trading Up 0.2%

Buenaventura Mining stock opened at $30.07 on Monday. The firm’s 50-day moving average is $32.82 and its 200-day moving average is $34.38. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.88 and a current ratio of 2.01. Buenaventura Mining Company Inc. has a 1 year low of $16.06 and a 1 year high of $44.67. The company has a market cap of $7.63 billion, a P/E ratio of 7.81 and a beta of 0.42.

Buenaventura Mining (NYSE:BVN) last announced its quarterly earnings data on Thursday, April 30th. The mining company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.23. The business had revenue of $624.56 million during the quarter, compared to the consensus estimate of $666.00 million. Buenaventura Mining had a net margin of 47.72% and a return on equity of 24.89%. On average, equities analysts expect that Buenaventura Mining Company Inc. will post 4.22 earnings per share for the current year.

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.