Hexavest Inc. Takes Position in Compania de Minas Buenaventura SAA (NYSE:BVN)

Hexavest Inc. bought a new stake in Compania de Minas Buenaventura SAA (NYSE:BVN) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 38,741 shares of the mining company’s stock, valued at approximately $588,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BVN. BlackRock Inc. lifted its stake in shares of Compania de Minas Buenaventura SAA by 11.5% in the 2nd quarter. BlackRock Inc. now owns 15,697,725 shares of the mining company’s stock valued at $261,680,000 after purchasing an additional 1,614,428 shares during the period. Nuveen Asset Management LLC purchased a new position in shares of Compania de Minas Buenaventura SAA in the 2nd quarter valued at approximately $24,458,000. FMR LLC lifted its stake in shares of Compania de Minas Buenaventura SAA by 5.5% in the 1st quarter. FMR LLC now owns 14,720,464 shares of the mining company’s stock valued at $254,370,000 after purchasing an additional 761,984 shares during the period. Oldfield Partners LLP lifted its stake in shares of Compania de Minas Buenaventura SAA by 14.3% in the 2nd quarter. Oldfield Partners LLP now owns 4,993,675 shares of the mining company’s stock valued at $83,244,000 after purchasing an additional 625,130 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Compania de Minas Buenaventura SAA by 5.8% in the 2nd quarter. Vanguard Group Inc. now owns 8,082,487 shares of the mining company’s stock valued at $134,734,000 after purchasing an additional 443,106 shares during the period. Institutional investors own 61.15% of the company’s stock.

BVN stock opened at $14.35 on Friday. Compania de Minas Buenaventura SAA has a twelve month low of $13.46 and a twelve month high of $17.85. The company has a quick ratio of 1.44, a current ratio of 1.77 and a debt-to-equity ratio of 0.15. The firm has a market cap of $3.65 billion, a PE ratio of 84.59 and a beta of 0.41. The business has a 50 day moving average of $14.85 and a 200 day moving average of $15.69.

Compania de Minas Buenaventura SAA (NYSE:BVN) last posted its quarterly earnings data on Thursday, July 25th. The mining company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.04). Compania de Minas Buenaventura SAA had a negative net margin of 4.37% and a positive return on equity of 1.37%. The company had revenue of $216.15 million for the quarter, compared to the consensus estimate of $259.47 million. On average, research analysts expect that Compania de Minas Buenaventura SAA will post 0.49 earnings per share for the current fiscal year.

A number of research analysts recently weighed in on the company. Zacks Investment Research raised Compania de Minas Buenaventura SAA from a “sell” rating to a “hold” rating in a research report on Monday, August 26th. ValuEngine lowered Compania de Minas Buenaventura SAA from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $17.50.

About Compania de Minas Buenaventura SAA

Compañía de Minas Buenaventura SAA., a precious metals company, engages in the exploration, mining, and processing of gold, silver, lead, zinc, and copper metals in Peru, the United States, Europe, and Asia. The company operates five operating mining units, including Uchucchacua, Orcopampa, Julcani, Mallay, and Tambomayo in Peru; and San Gabriel, a mining unit under development stage.

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