Matthews International Capital Management LLC raised its position in Buenaventura Mining Company Inc. (NYSE:BVN – Free Report) by 483.9% during the first quarter, Holdings Channel reports. The firm owned 128,987 shares of the mining company’s stock after buying an additional 106,898 shares during the quarter. Buenaventura Mining comprises 1.9% of Matthews International Capital Management LLC’s portfolio, making the stock its 21st largest holding. Matthews International Capital Management LLC’s holdings in Buenaventura Mining were worth $4,649,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in BVN. Polunin Capital Partners Ltd grew its stake in shares of Buenaventura Mining by 8.2% in the fourth quarter. Polunin Capital Partners Ltd now owns 540,381 shares of the mining company’s stock valued at $15,039,000 after buying an additional 41,100 shares in the last quarter. Jennison Associates LLC acquired a new position in Buenaventura Mining during the 4th quarter worth about $14,657,000. Diversified Trust Co acquired a new position in Buenaventura Mining during the 1st quarter worth about $2,035,000. Robeco Institutional Asset Management B.V. boosted its holdings in Buenaventura Mining by 738.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,979,757 shares of the mining company’s stock valued at $82,927,000 after acquiring an additional 2,624,485 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Buenaventura Mining by 47.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 192,751 shares of the mining company’s stock valued at $5,511,000 after acquiring an additional 62,428 shares in the last quarter.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on the stock. Wall Street Zen raised shares of Buenaventura Mining from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 28th. Zacks Research cut shares of Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. Weiss Ratings downgraded shares of Buenaventura Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Finally, Morgan Stanley reduced their target price on shares of Buenaventura Mining from $42.50 to $34.50 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.25.
Buenaventura Mining Trading Up 0.2%
Shares of NYSE:BVN opened at $30.07 on Monday. Buenaventura Mining Company Inc. has a 52 week low of $16.06 and a 52 week high of $44.67. The company’s 50 day moving average is $32.82 and its two-hundred day moving average is $34.38. The company has a market cap of $7.63 billion, a PE ratio of 7.81 and a beta of 0.42. The company has a current ratio of 2.01, a quick ratio of 1.88 and a debt-to-equity ratio of 0.16.
Buenaventura Mining (NYSE:BVN – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The mining company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.23. The business had revenue of $624.56 million during 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 predict that Buenaventura Mining Company Inc. will post 4.22 earnings per share for the current fiscal 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.
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