Icon Advisers Inc. Co. raised its position in shares of Buenaventura Mining Company Inc. (NYSE:BVN) by 20.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 831,200 shares of the mining company’s stock after buying an additional 142,000 shares during the period. Icon Advisers Inc. Co. owned about 0.33% of Buenaventura Mining worth $10,631,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of BVN. Franklin Resources Inc. boosted its stake in Buenaventura Mining by 9.1% in the second quarter. Franklin Resources Inc. now owns 11,300,823 shares of the mining company’s stock valued at $129,943,000 after acquiring an additional 943,730 shares during the last quarter. FMR LLC boosted its holdings in shares of Buenaventura Mining by 74.5% during the 2nd quarter. FMR LLC now owns 8,204,360 shares of the mining company’s stock worth $94,351,000 after buying an additional 3,502,137 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Buenaventura Mining by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 6,246,199 shares of the mining company’s stock worth $71,832,000 after buying an additional 245,096 shares during the period. Macquarie Group Ltd. boosted its holdings in Buenaventura Mining by 3.4% in the 3rd quarter. Macquarie Group Ltd. now owns 4,839,583 shares of the mining company’s stock valued at $61,897,000 after purchasing an additional 161,000 shares during the period. Finally, Oldfield Partners LLP boosted its holdings in Buenaventura Mining by 2.5% in the 3rd quarter. Oldfield Partners LLP now owns 4,501,445 shares of the mining company’s stock valued at $57,574,000 after purchasing an additional 109,000 shares during the period. 45.30% of the stock is owned by institutional investors.
Several equities analysts have recently commented on the stock. Zacks Investment Research cut shares of Buenaventura Mining from a “hold” rating to a “sell” rating in a research report on Wednesday, September 27th. BidaskClub upgraded shares of Buenaventura Mining from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Scotiabank raised shares of Buenaventura Mining from an “underperform” rating to a “sector perform” rating in a research note on Monday, October 30th. Finally, Morgan Stanley raised shares of Buenaventura Mining from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $13.00 to $17.30 in a research note on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.65.
Buenaventura Mining Company Inc. (NYSE BVN) traded down $0.07 during mid-day trading on Thursday, hitting $13.11. 1,178,989 shares of the stock were exchanged, compared to its average volume of 1,378,278. Buenaventura Mining Company Inc. has a one year low of $9.87 and a one year high of $14.96. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.21 and a quick ratio of 0.95.
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About Buenaventura Mining
Compania de Minas Buenaventura SAA. (Buenaventura) is a precious metals company. The Company is engaged in the exploration, mining and processing of gold, silver and other metals in Peru. The Company’s segments include Production and sale of minerals; Exploration and development activities; Construction and engineering services; Energy generation and transmission services; Insurance brokerage; Rental of mining concessions; Holding of investment in shares (mainly in Minera Yanacocha S.R.L.
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