Buenaventura Mining Company Inc. $BVN Shares Bought by Candriam S.C.A.

Candriam S.C.A. grew its stake in shares of Buenaventura Mining Company Inc. (NYSE:BVN) by 14.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 724,000 shares of the mining company’s stock after purchasing an additional 94,000 shares during the quarter. Candriam S.C.A. owned approximately 0.29% of Buenaventura Mining worth $17,615,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Tidal Investments LLC grew its stake in Buenaventura Mining by 11.8% during the 2nd quarter. Tidal Investments LLC now owns 2,858,519 shares of the mining company’s stock worth $46,937,000 after buying an additional 302,523 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Buenaventura Mining by 20.6% during the second quarter. JPMorgan Chase & Co. now owns 2,291,838 shares of the mining company’s stock valued at $37,632,000 after acquiring an additional 391,465 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Buenaventura Mining by 2.0% during the first 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 acquiring an additional 25,440 shares during the last quarter. Artisan Partners Limited Partnership grew its position in shares of Buenaventura Mining by 69.4% during the second quarter. Artisan Partners Limited Partnership now owns 1,217,376 shares of the mining company’s stock worth $19,989,000 after acquiring an additional 498,585 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Buenaventura Mining by 27.5% in the 2nd quarter. American Century Companies Inc. now owns 704,939 shares of the mining company’s stock worth $11,575,000 after acquiring an additional 151,918 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Zacks Research upgraded shares of Buenaventura Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. Wall Street Zen raised Buenaventura Mining from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Scotiabank lowered their target price on Buenaventura Mining from $27.50 to $27.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 19th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Buenaventura Mining in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Buenaventura Mining has a consensus rating of “Buy” and an average target price of $27.00.

Buenaventura Mining Stock Performance

Shares of NYSE BVN opened at $39.21 on Tuesday. Buenaventura Mining Company Inc. has a 1 year low of $12.27 and a 1 year high of $41.28. The firm has a market cap of $9.95 billion, a P/E ratio of 23.06 and a beta of 0.31. The stock has a fifty day moving average price of $31.59 and a two-hundred day moving average price of $25.04. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.05 and a current ratio of 2.27.

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.