Arrowstreet Capital Limited Partnership Increases Holdings in Buenaventura Mining Company Inc. $BVN

Arrowstreet Capital Limited Partnership boosted its stake in Buenaventura Mining Company Inc. (NYSE:BVN) by 32.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,301,015 shares of the mining company’s stock after purchasing an additional 558,186 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Buenaventura Mining were worth $82,929,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Banque Cantonale Vaudoise acquired a new position in shares of Buenaventura Mining during the first quarter worth about $45,000. Smartleaf Asset Management LLC grew its stake in shares of Buenaventura Mining by 1,725.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,917 shares of the mining company’s stock valued at $55,000 after buying an additional 1,812 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Buenaventura Mining in the second quarter valued at about $32,000. Rockefeller Capital Management L.P. raised its holdings in shares of Buenaventura Mining by 199.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,449 shares of the mining company’s stock valued at $96,000 after buying an additional 2,298 shares during the period. Finally, Headlands Technologies LLC raised its holdings in shares of Buenaventura Mining by 60.9% during the 2nd 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 during the period.

Buenaventura Mining Price Performance

BVN opened at $30.96 on Monday. The company has a market capitalization of $7.86 billion, a P/E ratio of 8.04 and a beta of 0.42. The company has a 50-day moving average of $31.90 and a 200-day moving average of $34.52. 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 $16.90 and a 1-year high of $44.67.

Buenaventura Mining (NYSE:BVN) last issued 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 business had revenue of $624.56 million for the quarter, compared to analysts’ expectations of $666.00 million. Buenaventura Mining had a net margin of 47.72% and a return on equity of 24.89%. Equities analysts expect that Buenaventura Mining Company Inc. will post 4.39 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BVN shares. Zacks Research cut Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. Morgan Stanley dropped their price objective on shares of Buenaventura Mining from $42.50 to $34.50 and set an “overweight” rating on the stock in a research note on Wednesday, July 8th. Weiss Ratings cut shares of Buenaventura Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Finally, Scotiabank decreased their target price on shares of Buenaventura Mining from $44.00 to $40.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 14th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $37.25.

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.