MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 1,999,475 Shares of Buenaventura Mining Company Inc. $BVN

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Buenaventura Mining Company Inc. (NYSE:BVN) by 38.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,196,976 shares of the mining company’s stock after acquiring an additional 1,999,475 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Buenaventura Mining were worth $175,102,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Buenaventura Mining during the second quarter worth approximately $32,000. Headlands Technologies LLC increased its holdings in shares of Buenaventura Mining by 60.9% in the second quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company’s stock valued at $62,000 after purchasing an additional 1,424 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings 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 valued at $135,000 after purchasing an additional 1,637 shares in the last quarter. Savant Capital LLC bought a new position in Buenaventura Mining in the 2nd quarter worth approximately $166,000. Finally, Blue Trust Inc. lifted its holdings in Buenaventura Mining by 18.8% during the 3rd 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 in the last quarter.

Buenaventura Mining Price Performance

Shares of BVN stock opened at $36.10 on Tuesday. The firm’s 50 day moving average price is $37.04 and its two-hundred day moving average price is $28.65. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.05 and a current ratio of 2.27. Buenaventura Mining Company Inc. has a 52-week low of $12.56 and a 52-week high of $44.67. The stock has a market cap of $9.16 billion, a PE ratio of 11.72 and a beta of 0.26.

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Buenaventura Mining in a research report on Monday, December 29th. Wall Street Zen raised Buenaventura Mining from a “hold” rating to a “buy” rating in a research note on Sunday, March 1st. Zacks Research upgraded Buenaventura Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. Finally, Scotiabank lifted their price objective on Buenaventura Mining from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. 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 company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $44.00.

Buenaventura Mining 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.