Public Sector Pension Investment Board Increases Stock Holdings in Buenaventura Mining Company Inc. $BVN

Public Sector Pension Investment Board boosted its stake in Buenaventura Mining Company Inc. (NYSE:BVN) by 22.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 171,753 shares of the mining company’s stock after purchasing an additional 32,000 shares during the quarter. Public Sector Pension Investment Board’s holdings in Buenaventura Mining were worth $4,179,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lester Murray Antman dba SimplyRich boosted its stake 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 purchasing an additional 822 shares in the last quarter. Blue Trust Inc. lifted its holdings in 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 buying an additional 1,283 shares during the period. Headlands Technologies LLC lifted its holdings in Buenaventura Mining by 60.9% in the second quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company’s stock worth $62,000 after buying an additional 1,424 shares during the period. PNC Financial Services Group Inc. boosted its position in Buenaventura Mining by 24.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,210 shares of the mining company’s stock valued at $135,000 after acquiring an additional 1,637 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Buenaventura Mining during the 2nd quarter worth approximately $28,000.

Buenaventura Mining Trading Up 0.5%

Buenaventura Mining stock opened at $38.44 on Friday. Buenaventura Mining Company Inc. has a 12 month low of $12.27 and a 12 month high of $41.28. The company has a market capitalization of $9.75 billion, a price-to-earnings ratio of 22.61 and a beta of 0.31. The business’s fifty day simple moving average is $33.80 and its two-hundred day simple moving average is $26.25. The company has a current ratio of 2.27, a quick ratio of 2.05 and a debt-to-equity ratio of 0.18.

Analyst Upgrades and Downgrades

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

Buenaventura Mining Company 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.