Mirabella Financial Services LLP Invests $3.46 Million in Buenaventura Mining Company Inc. $BVN

Mirabella Financial Services LLP purchased a new stake in shares of Buenaventura Mining Company Inc. (NYSE:BVN) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 142,356 shares of the mining company’s stock, valued at approximately $3,464,000. Mirabella Financial Services LLP owned approximately 0.06% of Buenaventura Mining at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its position in Buenaventura Mining by 10.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 8,615 shares of the mining company’s stock worth $210,000 after buying an additional 800 shares during the last quarter. Lester Murray Antman dba SimplyRich boosted its holdings in shares of Buenaventura Mining by 1.9% during the 3rd quarter. Lester Murray Antman dba SimplyRich now owns 44,927 shares of the mining company’s stock valued at $1,093,000 after acquiring an additional 822 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Buenaventura Mining by 18.8% in the third quarter. Blue Trust Inc. now owns 8,111 shares of the mining company’s stock worth $197,000 after acquiring an additional 1,283 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its stake in shares of Buenaventura Mining by 14.9% in the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 10,800 shares of the mining company’s stock worth $263,000 after acquiring an additional 1,400 shares during the period. Finally, Headlands Technologies LLC raised its holdings in shares of Buenaventura Mining by 60.9% during the second quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company’s stock valued at $62,000 after purchasing an additional 1,424 shares during the last quarter.

Buenaventura Mining Stock Performance

Shares of NYSE BVN opened at $34.00 on Thursday. Buenaventura Mining Company Inc. has a 12-month low of $12.56 and a 12-month high of $44.67. The firm has a market capitalization of $8.63 billion, a price-to-earnings ratio of 11.04 and a beta of 0.26. The company has a current ratio of 2.27, a quick ratio of 2.05 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average of $37.23 and a 200 day moving average of $28.81.

Buenaventura Mining (NYSE:BVN) last released its quarterly earnings results on Thursday, February 26th. The mining company reported $1.62 earnings per share for the quarter, topping the consensus estimate of $0.59 by $1.03. The business had revenue of $623.40 million for the quarter, compared to the consensus estimate of $451.60 million. Buenaventura Mining had a net margin of 45.17% and a return on equity of 21.09%. On average, research analysts anticipate that Buenaventura Mining Company Inc. will post 1.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BVN shares. Wall Street Zen upgraded shares of Buenaventura Mining from a “hold” rating to a “buy” rating in a report on Sunday, March 1st. Scotiabank boosted their target price on shares of Buenaventura Mining from $42.00 to $44.00 and gave the company a “sector perform” rating in a research note on Monday, March 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Buenaventura Mining in a research note on Monday, December 29th. Finally, Zacks Research raised Buenaventura Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Buenaventura Mining presently has an average rating of “Buy” and a consensus price target of $44.00.

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.