Buenaventura Mining Company Inc. $BVN Shares Sold by Matthews International Capital Management LLC

Matthews International Capital Management LLC reduced its holdings in Buenaventura Mining Company Inc. (NYSE:BVN) by 14.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,087 shares of the mining company’s stock after selling 4,670 shares during the quarter. Matthews International Capital Management LLC’s holdings in Buenaventura Mining were worth $445,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BVN. Helikon Investments Ltd acquired a new stake in Buenaventura Mining in the 1st quarter valued at approximately $26,686,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Buenaventura Mining by 12.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,502,101 shares of the mining company’s stock valued at $85,998,000 after acquiring an additional 591,482 shares during the period. Northern Trust Corp increased its position in Buenaventura Mining by 32.9% in the 1st quarter. Northern Trust Corp now owns 1,642,557 shares of the mining company’s stock valued at $25,673,000 after acquiring an additional 406,641 shares during the period. Nuveen LLC acquired a new position in shares of Buenaventura Mining during the 1st quarter valued at $5,104,000. Finally, Candriam S.C.A. acquired a new position in shares of Buenaventura Mining during the 1st quarter valued at $3,647,000.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BVN. Weiss Ratings reiterated a “buy (b-)” rating on shares of Buenaventura Mining in a research report on Saturday, September 27th. Zacks Research upgraded Buenaventura Mining from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 16th. Finally, Wall Street Zen cut Buenaventura Mining from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $15.50.

Buenaventura Mining Stock Performance

Shares of NYSE BVN opened at $24.49 on Friday. The company has a quick ratio of 2.31, a current ratio of 2.54 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of 12.43 and a beta of 0.27. The stock’s fifty day simple moving average is $19.78 and its 200 day simple moving average is $16.98. Buenaventura Mining Company Inc. has a 52-week low of $11.50 and a 52-week high of $25.46.

Buenaventura Mining (NYSE:BVN) last issued its earnings results on Thursday, July 24th. The mining company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.10. Buenaventura Mining had a return on equity of 9.47% and a net margin of 38.38%.The business had revenue of $369.50 million for the quarter, compared to analysts’ expectations of $338.29 million. As a group, sell-side analysts forecast that Buenaventura Mining Company Inc. will post 1.13 earnings per share for the current fiscal year.

Buenaventura Mining Profile

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.