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

Harbour Capital Advisors LLC bought a new position in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) during the 3rd quarter, HoldingsChannel reports. The fund bought 48,255 shares of the mining company’s stock, valued at approximately $629,000.

A number of other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new position in Compañía de Minas Buenaventura S.A.A. in the 2nd quarter worth approximately $35,000. EverSource Wealth Advisors LLC increased its holdings in shares of Compañía de Minas Buenaventura S.A.A. by 63.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,709 shares of the mining company’s stock worth $42,000 after purchasing an additional 1,054 shares in the last quarter. Employees Retirement System of Texas purchased a new position in shares of Compañía de Minas Buenaventura S.A.A. in the second quarter worth $47,000. Headlands Technologies LLC bought a new position in shares of Compañía de Minas Buenaventura S.A.A. during the second quarter valued at $80,000. Finally, GAMMA Investing LLC boosted its position in shares of Compañía de Minas Buenaventura S.A.A. by 18.7% during the third quarter. GAMMA Investing LLC now owns 5,897 shares of the mining company’s stock valued at $82,000 after buying an additional 929 shares during the last quarter.

Wall Street Analyst Weigh In

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

Compañía de Minas Buenaventura S.A.A. Stock Performance

BVN stock opened at $13.34 on Friday. 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 1 year low of $7.73 and a 1 year high of $18.84. The company has a market cap of $3.39 billion, a P/E ratio of 222.33 and a beta of 0.82. The stock’s fifty day moving average price is $13.37 and its 200-day moving average price is $15.52.

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