Public Employees Retirement System of Ohio Buys Shares of 87,671 Buenaventura Mining Company Inc. $BVN

Public Employees Retirement System of Ohio bought a new position in shares of Buenaventura Mining Company Inc. (NYSE:BVN) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 87,671 shares of the mining company’s stock, valued at approximately $2,568,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. FIL Ltd lifted its stake in shares of Buenaventura Mining by 8.8% in the 4th quarter. FIL Ltd now owns 13,473,909 shares of the mining company’s stock valued at $374,979,000 after acquiring an additional 1,085,443 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Buenaventura Mining by 3,096,894.7% during 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 acquiring an additional 5,884,100 shares during the last quarter. State Street Corp grew its position in Buenaventura Mining by 1.2% during the 4th quarter. State Street Corp now owns 3,586,205 shares of the mining company’s stock worth $99,804,000 after acquiring an additional 44,033 shares during the last quarter. Tidal Investments LLC increased its holdings in Buenaventura Mining by 10.5% in the 3rd quarter. Tidal Investments LLC now owns 3,158,341 shares of the mining company’s stock worth $76,842,000 after purchasing an additional 299,822 shares in the last quarter. Finally, Bank of Nova Scotia increased its holdings in Buenaventura Mining by 83.0% in the 1st quarter. Bank of Nova Scotia now owns 2,520,383 shares of the mining company’s stock worth $90,835,000 after purchasing an additional 1,143,072 shares in the last quarter.

Buenaventura Mining Stock Down 2.4%

Buenaventura Mining stock opened at $33.92 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.43 and a current ratio of 2.59. Buenaventura Mining Company Inc. has a 52-week low of $19.55 and a 52-week high of $44.67. The firm has a 50 day moving average price of $32.20 and a two-hundred day moving average price of $34.05. The firm has a market cap of $8.61 billion, a price-to-earnings ratio of 7.67 and a beta of 0.46.

Buenaventura Mining (NYSE:BVN) last posted 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). Buenaventura Mining had a net margin of 50.88% and a return on equity of 26.53%. The firm had revenue of $528.99 million during the quarter, compared to the consensus estimate of $610.00 million. Equities analysts predict that Buenaventura Mining Company Inc. will post 3.93 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BVN shares. Scotiabank cut 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. Morgan Stanley lowered their price objective on Buenaventura Mining from $42.50 to $34.50 and set an “overweight” rating for the company in a research note on Wednesday, July 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Buenaventura Mining in a research report on Friday, July 31st. Finally, Wall Street Zen downgraded shares of Buenaventura Mining from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $37.25.

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.