Deprince Race & Zollo Inc. Purchases Shares of 146,786 Buenaventura Mining Company Inc. $BVN

Deprince Race & Zollo Inc. purchased a new stake in shares of Buenaventura Mining Company Inc. (NYSE:BVN) in the 1st quarter, Holdings Channel.com reports. The fund purchased 146,786 shares of the mining company’s stock, valued at approximately $5,290,000.

A number of other hedge funds also recently modified their holdings of BVN. Northwestern Mutual Wealth Management Co. increased its holdings in Buenaventura Mining by 3,096,894.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,884,290 shares of the mining company’s stock valued at $163,760,000 after purchasing an additional 5,884,100 shares during the period. Robeco Institutional Asset Management B.V. raised its position in Buenaventura Mining by 738.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,979,757 shares of the mining company’s stock worth $82,927,000 after purchasing an additional 2,624,485 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Buenaventura Mining by 38.5% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,196,976 shares of the mining company’s stock worth $175,102,000 after buying an additional 1,999,475 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Buenaventura Mining by 244.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,742,829 shares of the mining company’s stock worth $48,503,000 after buying an additional 1,236,480 shares during the period. Finally, FIL Ltd lifted its holdings in Buenaventura Mining by 8.8% during the 4th quarter. FIL Ltd now owns 13,473,909 shares of the mining company’s stock worth $374,979,000 after buying an additional 1,085,443 shares during the period.

Buenaventura Mining Trading Up 1.8%

BVN opened at $29.72 on Friday. Buenaventura Mining Company Inc. has a twelve month low of $16.06 and a twelve month high of $44.67. The company has a quick ratio of 1.88, a current ratio of 2.01 and a debt-to-equity ratio of 0.16. The company has a fifty day moving average of $33.08 and a 200-day moving average of $34.33. The stock has a market cap of $7.54 billion, a PE ratio of 7.72 and a beta of 0.42.

Buenaventura Mining (NYSE:BVN) last released its earnings results on Thursday, April 30th. The mining company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.23. The business had revenue of $624.56 million for the quarter, compared to analyst estimates of $666.00 million. Buenaventura Mining had a net margin of 47.72% and a return on equity of 24.89%. On average, sell-side analysts predict that Buenaventura Mining Company Inc. will post 4.31 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised Buenaventura Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 28th. Zacks Research downgraded Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Finally, Weiss Ratings lowered Buenaventura Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price 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.