Buenaventura Mining Company Inc. $BVN Shares Purchased 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 third quarter, according to its most recent filing with the SEC. The fund owned 724,000 shares of the mining company’s stock after acquiring an additional 94,000 shares during the period. Candriam S.C.A.’s holdings in Buenaventura Mining were worth $17,615,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BVN. Weiss Ratings restated a “buy (b)” rating on shares of Buenaventura Mining in a report on Monday, December 29th. Zacks Research raised shares of Buenaventura Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. Scotiabank decreased their target price on Buenaventura Mining from $27.50 to $27.00 and set a “sector perform” rating for the company in a research report on Wednesday, November 19th. Finally, Wall Street Zen upgraded Buenaventura Mining from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Buenaventura Mining has an average rating of “Buy” and a consensus price target of $27.00.

Buenaventura Mining Price Performance

Shares of NYSE:BVN opened at $39.21 on Tuesday. The firm has a market cap of $9.95 billion, a price-to-earnings ratio of 23.06 and a beta of 0.31. Buenaventura Mining Company Inc. has a 1 year low of $12.27 and a 1 year high of $41.28. 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 business has a fifty day simple moving average of $31.59 and a 200 day simple moving average of $25.04.

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.