123,572 Shares in Buenaventura Mining Company Inc. $BVN Bought by U S Global Investors Inc.

U S Global Investors Inc. acquired a new stake in Buenaventura Mining Company Inc. (NYSE:BVN) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 123,572 shares of the mining company’s stock, valued at approximately $3,902,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Mather Group LLC. acquired a new stake in shares of Buenaventura Mining in the third quarter valued at approximately $31,000. Banque Cantonale Vaudoise bought a new position in shares of Buenaventura Mining during the 1st quarter worth approximately $45,000. Rockefeller Capital Management L.P. increased its holdings in shares of Buenaventura Mining by 199.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,449 shares of the mining company’s stock worth $96,000 after acquiring an additional 2,298 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Buenaventura Mining during the 1st quarter worth approximately $212,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Buenaventura Mining by 21.6% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,808 shares of the mining company’s stock worth $310,000 after acquiring an additional 1,744 shares during the last quarter.

Buenaventura Mining Stock Performance

BVN opened at $28.53 on Friday. The business has a fifty day simple moving average of $33.08 and a 200 day simple moving average of $32.98. The company has a market capitalization of $7.24 billion, a PE ratio of 6.45 and a beta of 0.43. Buenaventura Mining Company Inc. has a 1 year low of $21.00 and a 1 year high of $44.67. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.59 and a quick ratio of 2.43.

Buenaventura Mining (NYSE:BVN) last issued its quarterly earnings data on Thursday, July 30th. The mining company reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.05). The firm had revenue of $528.99 million during the quarter, compared to analyst estimates of $610.00 million. Buenaventura Mining had a net margin of 50.88% and a return on equity of 26.53%. Research analysts expect that Buenaventura Mining Company Inc. will post 3.99 EPS for the current year.

Analysts Set New Price Targets

BVN has been the topic of a number of research analyst reports. Zacks Research upgraded Buenaventura Mining from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Buenaventura Mining in a research report on Friday, July 31st. Scotiabank reduced their price objective on shares of Buenaventura Mining from $44.00 to $40.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 14th. Morgan Stanley decreased their price objective 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. Finally, Wall Street Zen raised shares of Buenaventura Mining from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $37.25.

About Buenaventura Mining

Compañía de Minas Buenaventura SAA., known as Buenaventura Mining, is a Peru-based mining company engaged in the exploration, development, construction, and operation of mineral projects. Its portfolio includes precious and base metals, with primary exposure to gold, silver, copper, lead, and zinc.

Founded in 1953, Buenaventura operates primarily in Peru. Its activities have included the Uchucchacua, Tambomayo, La Zanja, Coimolache, and El Brocal mining operations, as well as exploration and development projects across the country.