56,545 Shares in Buenaventura Mining Company Inc. $BVN Acquired by Cvfg LLC

Cvfg LLC acquired a new stake in Buenaventura Mining Company Inc. (NYSE:BVN) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 56,545 shares of the mining company’s stock, valued at approximately $2,038,000.

Other institutional investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its holdings in shares of Buenaventura Mining by 27.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 427,509 shares of the mining company’s stock valued at $6,682,000 after purchasing an additional 93,021 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Buenaventura Mining by 2.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,278,411 shares of the mining company’s stock worth $19,982,000 after buying an additional 25,440 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Buenaventura Mining during the 2nd quarter worth $345,000. Invesco Ltd. boosted its stake in Buenaventura Mining by 2,318.6% in the second quarter. Invesco Ltd. now owns 633,036 shares of the mining company’s stock valued at $10,394,000 after buying an additional 606,862 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in Buenaventura Mining by 691.4% in the second quarter. Sei Investments Co. now owns 228,246 shares of the mining company’s stock valued at $3,748,000 after buying an additional 199,405 shares in the last quarter.

Analyst Upgrades and Downgrades

BVN has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Buenaventura Mining from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 28th. Weiss Ratings lowered shares of Buenaventura Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Finally, Zacks Research cut shares of Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Buenaventura Mining currently has a consensus rating of “Hold” and an average target price of $44.00.

Buenaventura Mining Trading Down 3.7%

BVN opened at $28.87 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.01 and a quick ratio of 1.88. Buenaventura Mining Company Inc. has a fifty-two week low of $16.06 and a fifty-two week high of $44.67. The company’s 50 day moving average price is $32.93 and its two-hundred day moving average price is $34.37. The firm has a market capitalization of $7.32 billion, a price-to-earnings ratio of 7.50 and a beta of 0.42.

Buenaventura Mining (NYSE:BVN) last released its quarterly earnings results on Thursday, April 30th. The mining company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.23. The firm 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%. As a group, research analysts predict that Buenaventura Mining Company Inc. will post 4.31 earnings per share for the current year.

Buenaventura Mining 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.