Mirabella Financial Services LLP Acquires New Position in Buenaventura Mining Company Inc. $BVN

Mirabella Financial Services LLP bought a new position in shares of Buenaventura Mining Company Inc. (NYSE:BVN) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 142,356 shares of the mining company’s stock, valued at approximately $3,464,000.

A number of other hedge funds have also modified their holdings of the company. Goldman Sachs Group Inc. raised its position in shares of Buenaventura Mining by 27.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 427,509 shares of the mining company’s stock valued at $6,682,000 after purchasing an additional 93,021 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in 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 valued at $19,982,000 after acquiring an additional 25,440 shares during the period. Savant Capital LLC purchased a new position in shares of Buenaventura Mining in the second quarter valued at about $166,000. PNC Financial Services Group Inc. boosted its stake in shares of Buenaventura Mining by 24.9% in the second quarter. PNC Financial Services Group Inc. now owns 8,210 shares of the mining company’s stock worth $135,000 after acquiring an additional 1,637 shares during the period. Finally, 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 purchasing an additional 498,585 shares in the last quarter.

Buenaventura Mining Trading Down 6.2%

Shares of NYSE BVN opened at $34.00 on Thursday. Buenaventura Mining Company Inc. has a 1-year low of $12.56 and a 1-year high of $44.67. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.27 and a quick ratio of 2.05. The business’s 50 day moving average is $37.23 and its two-hundred day moving average is $28.81. The stock has a market capitalization of $8.63 billion, a P/E ratio of 11.04 and a beta of 0.26.

Buenaventura Mining (NYSE:BVN) last posted its quarterly earnings data on Thursday, February 26th. The mining company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $1.03. The business had revenue of $623.40 million during the quarter, compared to analyst estimates of $451.60 million. Buenaventura Mining had a return on equity of 21.09% and a net margin of 45.17%. As a group, research analysts expect that Buenaventura Mining Company Inc. will post 1.13 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BVN shares. Zacks Research upgraded Buenaventura Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. Wall Street Zen upgraded shares of Buenaventura Mining from a “hold” rating to a “buy” rating in a research report on Sunday, March 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Buenaventura Mining in a report on Monday, December 29th. Finally, Scotiabank increased their price objective on shares of Buenaventura Mining from $42.00 to $44.00 and gave the company a “sector perform” rating in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $44.00.

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.