Centrica Wealth Management LLC Acquires Shares of 4,330,200 Buenaventura Mining Company Inc. $BVN

Centrica Wealth Management LLC bought a new position in shares of Buenaventura Mining Company Inc. (NYSE:BVN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,330,200 shares of the mining company’s stock, valued at approximately $131,547,000. Buenaventura Mining makes up about 99.1% of Centrica Wealth Management LLC’s holdings, making the stock its biggest holding. Centrica Wealth Management LLC owned 1.71% of Buenaventura Mining as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BVN. Ninepoint Partners LP purchased a new position in Buenaventura Mining in the second quarter worth $3,675,000. Diversified Trust Co purchased a new stake in shares of Buenaventura Mining during the 1st quarter valued at $2,035,000. Matthews International Capital Management LLC raised its stake in shares of Buenaventura Mining by 483.9% during the 1st quarter. Matthews International Capital Management LLC now owns 128,987 shares of the mining company’s stock worth $4,649,000 after purchasing an additional 106,898 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Buenaventura Mining by 47.9% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 192,751 shares of the mining company’s stock worth $5,511,000 after purchasing an additional 62,428 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Buenaventura Mining by 539.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 56,072 shares of the mining company’s stock worth $2,021,000 after buying an additional 47,300 shares during the last quarter.

Buenaventura Mining Stock Down 2.4%

Shares of NYSE BVN opened at $33.92 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.59 and a quick ratio of 2.43. The stock has a market capitalization of $8.61 billion, a PE ratio of 7.67 and a beta of 0.46. Buenaventura Mining Company Inc. has a one year low of $19.55 and a one year high of $44.67. The business’s fifty day moving average price is $32.20 and its 200-day moving average price is $34.05.

Buenaventura Mining (NYSE:BVN) last announced its quarterly earnings data on Thursday, July 30th. The mining company reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.05). The firm had revenue of $528.99 million during the quarter, compared to analysts’ expectations of $610.00 million. Buenaventura Mining had a return on equity of 26.53% and a net margin of 50.88%. On average, equities research analysts anticipate that Buenaventura Mining Company Inc. will post 3.93 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Morgan Stanley reduced their price target on shares of Buenaventura Mining from $42.50 to $34.50 and set an “overweight” rating for the company in a research report on Wednesday, July 8th. Wall Street Zen lowered shares of Buenaventura Mining from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Scotiabank dropped their target price on shares of Buenaventura Mining from $44.00 to $40.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 14th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Buenaventura Mining in a research note on Friday, July 31st. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $37.25.

Buenaventura Mining Company 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.