Buenaventura Mining Company Inc. $BVN Shares Sold by Swiss National Bank

Swiss National Bank lowered its position in shares of Buenaventura Mining Company Inc. (NYSE:BVN) by 11.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 318,908 shares of the mining company’s stock after selling 41,800 shares during the quarter. Swiss National Bank owned 0.13% of Buenaventura Mining worth $11,493,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of BVN. Raymond James Financial Inc. acquired a new stake in Buenaventura Mining in the 2nd quarter valued at about $32,000. Banque Cantonale Vaudoise bought a new position in shares of Buenaventura Mining during the 1st quarter valued at about $45,000. Smartleaf Asset Management LLC grew its stake in shares of Buenaventura Mining by 1,725.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,917 shares of the mining company’s stock worth $55,000 after purchasing an additional 1,812 shares during the last quarter. Headlands Technologies LLC grew its stake in shares of Buenaventura Mining by 60.9% in the 2nd quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company’s stock worth $62,000 after purchasing an additional 1,424 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of Buenaventura Mining by 199.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,449 shares of the mining company’s stock worth $96,000 after purchasing an additional 2,298 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts recently commented on BVN shares. Zacks Research lowered shares of Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Weiss Ratings lowered shares of Buenaventura Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Morgan Stanley dropped their price target on Buenaventura Mining from $42.50 to $34.50 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. Finally, Scotiabank cut their price objective on Buenaventura Mining from $44.00 to $40.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 14th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $37.25.

Buenaventura Mining Price Performance

NYSE BVN opened at $30.96 on Monday. The stock’s 50-day moving average price is $31.90 and its two-hundred day moving average price is $34.52. The company has a current ratio of 2.01, a quick ratio of 1.88 and a debt-to-equity ratio of 0.16. The company has a market cap of $7.86 billion, a PE ratio of 8.04 and a beta of 0.42. Buenaventura Mining Company Inc. has a 1 year low of $16.90 and a 1 year high of $44.67.

Buenaventura Mining (NYSE:BVN) last posted its quarterly earnings data on Thursday, April 30th. The mining company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.23. Buenaventura Mining had a net margin of 47.72% and a return on equity of 24.89%. The company had revenue of $624.56 million during the quarter, compared to analyst estimates of $666.00 million. On average, analysts predict that Buenaventura Mining Company Inc. will post 4.39 EPS for the current year.

Buenaventura Mining 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.