Cvfg LLC Takes Position in Buenaventura Mining Company Inc. $BVN

Cvfg LLC bought a new stake in Buenaventura Mining Company Inc. (NYSE:BVN) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 56,545 shares of the mining company’s stock, valued at approximately $2,038,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. FIL Ltd raised its stake in Buenaventura Mining by 8.8% in the fourth quarter. FIL Ltd now owns 13,473,909 shares of the mining company’s stock valued at $374,979,000 after buying an additional 1,085,443 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Buenaventura Mining by 38.5% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,196,976 shares of the mining company’s stock worth $175,102,000 after acquiring an additional 1,999,475 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Buenaventura Mining by 3,096,894.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,884,290 shares of the mining company’s stock worth $163,760,000 after acquiring an additional 5,884,100 shares during the last quarter. State Street Corp raised its stake in Buenaventura Mining by 1.2% in the 4th quarter. State Street Corp now owns 3,586,205 shares of the mining company’s stock valued at $99,804,000 after acquiring an additional 44,033 shares during the period. Finally, Tidal Investments LLC raised its stake in Buenaventura Mining by 10.5% in the 3rd quarter. Tidal Investments LLC now owns 3,158,341 shares of the mining company’s stock valued at $76,842,000 after acquiring an additional 299,822 shares during the period.

Buenaventura Mining Price Performance

Buenaventura Mining stock opened at $28.87 on Wednesday. The firm has a market cap of $7.32 billion, a PE ratio of 7.50 and a beta of 0.42. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.01 and a quick ratio of 1.88. The stock’s fifty day moving average price is $32.93 and its two-hundred day moving average price is $34.37. Buenaventura Mining Company Inc. has a one year low of $16.06 and a one year high of $44.67.

Buenaventura Mining (NYSE:BVN) last released its earnings results 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. Buenaventura Mining had a return on equity of 24.89% and a net margin of 47.72%.The firm had revenue of $624.56 million during the quarter, compared to the consensus estimate of $666.00 million. As a group, research analysts expect that Buenaventura Mining Company Inc. will post 4.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Zacks Research cut shares of Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Weiss Ratings lowered shares of Buenaventura Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Finally, Wall Street Zen upgraded shares of Buenaventura Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 28th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $44.00.

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.