Navellier & Associates Inc. Acquires 36,652 Shares of Buenaventura Mining Company Inc. $BVN

Navellier & Associates Inc. grew its stake in Buenaventura Mining Company Inc. (NYSE:BVN) by 40.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,883 shares of the mining company’s stock after buying an additional 36,652 shares during the period. Navellier & Associates Inc.’s holdings in Buenaventura Mining were worth $3,746,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BVN. FIL Ltd increased its position in shares of Buenaventura Mining by 8.8% during the 4th quarter. FIL Ltd now owns 13,473,909 shares of the mining company’s stock valued at $374,979,000 after purchasing an additional 1,085,443 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Buenaventura Mining by 3,096,894.7% in 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 buying an additional 5,884,100 shares during the last quarter. State Street Corp lifted its position 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 worth $99,804,000 after buying an additional 44,033 shares during the last quarter. Tidal Investments LLC boosted its stake in Buenaventura Mining by 10.5% in the third quarter. Tidal Investments LLC now owns 3,158,341 shares of the mining company’s stock worth $76,842,000 after buying an additional 299,822 shares in the last quarter. Finally, Bank of Nova Scotia boosted its stake in Buenaventura Mining by 83.0% in the first quarter. Bank of Nova Scotia now owns 2,520,383 shares of the mining company’s stock worth $90,835,000 after buying an additional 1,143,072 shares in the last quarter.

Buenaventura Mining Price Performance

Shares of NYSE BVN opened at $35.36 on Friday. Buenaventura Mining Company Inc. has a 1 year low of $18.81 and a 1 year high of $44.67. 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 company’s 50-day moving average is $31.88 and its 200 day moving average is $34.21. The stock has a market capitalization of $8.97 billion, a P/E ratio of 8.00 and a beta of 0.43.

Buenaventura Mining (NYSE:BVN) last released its earnings results on Thursday, July 30th. The mining company reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.05). Buenaventura Mining had a net margin of 50.88% and a return on equity of 27.13%. The firm had revenue of $528.99 million during the quarter, compared to analysts’ expectations of $610.00 million. On average, sell-side analysts expect that Buenaventura Mining Company Inc. will post 3.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on BVN shares. Morgan Stanley reduced their price objective on Buenaventura Mining from $42.50 to $34.50 and set an “overweight” rating on the stock in a research note on Wednesday, July 8th. Wall Street Zen cut Buenaventura Mining from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Buenaventura Mining in a research report on Friday, July 31st. Finally, Scotiabank decreased their price target on Buenaventura Mining from $44.00 to $40.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 14th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $37.25.

About Buenaventura Mining

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.