Harbour Capital Advisors LLC Makes New Investment in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)

Harbour Capital Advisors LLC bought a new stake in shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 48,255 shares of the mining company’s stock, valued at approximately $629,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Van ECK Associates Corp boosted its holdings in Compañía de Minas Buenaventura S.A.A. by 18.1% in the first quarter. Van ECK Associates Corp now owns 32,065,440 shares of the mining company’s stock valued at $509,199,000 after acquiring an additional 4,912,454 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Compañía de Minas Buenaventura S.A.A. by 20.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,749,782 shares of the mining company’s stock valued at $91,307,000 after buying an additional 982,785 shares during the period. Tidal Investments LLC purchased a new position in shares of Compañía de Minas Buenaventura S.A.A. during the first quarter valued at about $63,988,000. Swedbank AB bought a new position in Compañía de Minas Buenaventura S.A.A. in the first quarter worth about $7,082,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Compañía de Minas Buenaventura S.A.A. by 5.8% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 367,011 shares of the mining company’s stock worth $5,828,000 after buying an additional 20,000 shares during the period.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Scotiabank reduced their target price on Compañía de Minas Buenaventura S.A.A. from $16.00 to $15.00 and set a “sector underperform” rating on the stock in a report on Monday, August 19th. Morgan Stanley reduced their price target on Compañía de Minas Buenaventura S.A.A. from $21.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, September 19th.

Compañía de Minas Buenaventura S.A.A. Trading Up 0.8 %

NYSE:BVN opened at $13.34 on Friday. The firm has a market capitalization of $3.39 billion, a P/E ratio of 222.33 and a beta of 0.82. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.40 and a quick ratio of 1.17. Compañía de Minas Buenaventura S.A.A. has a one year low of $7.73 and a one year high of $18.84. The company’s 50-day simple moving average is $13.37 and its 200 day simple moving average is $15.52.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last issued its quarterly earnings results on Tuesday, July 30th. The mining company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.06). Compañía de Minas Buenaventura S.A.A. had a return on equity of 3.17% and a net margin of 9.54%. The company had revenue of $277.11 million during the quarter, compared to the consensus estimate of $252.21 million. During the same period in the prior year, the firm earned ($0.03) earnings per share. As a group, analysts forecast that Compañía de Minas Buenaventura S.A.A. will post 1.23 EPS for the current fiscal year.

About Compañía de Minas Buenaventura S.A.A.

Compañía de Minas Buenaventura SAA. engages in the exploration, development, construction, and operation of mineral processing business. The company explores for gold, silver, lead, zinc, and copper metals. It operates operating mining units, including Tambomayo located in the Caylloma province, Orcopampa Unit located in the province of Castilla, Uchucchacua located in province of Oyón, Julcani located in province of Angaraes, Peru, as well as San Gabrie located in the province of General Sánchez Cerro, in the Moquegua region.