Buenaventura Mining Company Inc. $BVN Shares Bought by Bank of Nova Scotia

Bank of Nova Scotia raised its position in Buenaventura Mining Company Inc. (NYSE:BVN) by 83.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,520,383 shares of the mining company’s stock after purchasing an additional 1,143,072 shares during the period. Bank of Nova Scotia’s holdings in Buenaventura Mining were worth $90,835,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Corient Private Wealth LLC lifted its position in shares of Buenaventura Mining by 2.7% during the 4th quarter. Corient Private Wealth LLC now owns 17,857 shares of the mining company’s stock worth $497,000 after purchasing an additional 470 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Buenaventura Mining by 4.0% in the first quarter. PNC Financial Services Group Inc. now owns 12,949 shares of the mining company’s stock valued at $467,000 after buying an additional 504 shares during the last quarter. SmartHarvest Portfolios LLC raised its stake in Buenaventura Mining by 5.6% in the first quarter. SmartHarvest Portfolios LLC now owns 9,898 shares of the mining company’s stock valued at $357,000 after buying an additional 529 shares in the last quarter. Personal CFO Solutions LLC raised its stake in Buenaventura Mining by 4.2% in the first quarter. Personal CFO Solutions LLC now owns 14,006 shares of the mining company’s stock valued at $505,000 after buying an additional 563 shares in the last quarter. Finally, PKO Investment Management Joint Stock Co lifted its holdings in Buenaventura Mining by 0.7% during the 1st quarter. PKO Investment Management Joint Stock Co now owns 88,544 shares of the mining company’s stock worth $3,191,000 after buying an additional 602 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Morgan Stanley dropped their price objective on Buenaventura Mining from $42.50 to $34.50 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. Zacks Research lowered shares of Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Wall Street Zen raised shares of Buenaventura Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 28th. Weiss Ratings downgraded shares of Buenaventura Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Finally, Scotiabank dropped their target price on shares of Buenaventura Mining from $44.00 to $40.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 14th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Buenaventura Mining currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.25.

Buenaventura Mining Stock Down 2.3%

Shares of NYSE BVN opened at $31.34 on Friday. The stock has a market cap of $7.95 billion, a PE ratio of 8.14 and a beta of 0.42. The company has a quick ratio of 1.88, a current ratio of 2.01 and a debt-to-equity ratio of 0.16. Buenaventura Mining Company Inc. has a 52-week low of $16.90 and a 52-week high of $44.67. The business has a 50-day moving average price of $31.97 and a 200 day moving average price of $34.51.

Buenaventura Mining (NYSE:BVN) last released its quarterly earnings results on Thursday, April 30th. The mining company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.09 by $0.23. The company had revenue of $624.56 million for the quarter, compared to analyst estimates of $666.00 million. Buenaventura Mining had a return on equity of 24.89% and a net margin of 47.72%. Equities research analysts forecast that Buenaventura Mining Company Inc. will post 4.39 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.