Buenaventura Mining Company Inc. $BVN Stock Holdings Reduced by TSP Capital Management Group LLC

TSP Capital Management Group LLC trimmed its position in shares of Buenaventura Mining Company Inc. (NYSE:BVN) by 16.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 693,133 shares of the mining company’s stock after selling 134,235 shares during the period. Buenaventura Mining accounts for approximately 6.1% of TSP Capital Management Group LLC’s portfolio, making the stock its 2nd largest holding. TSP Capital Management Group LLC owned 0.27% of Buenaventura Mining worth $24,981,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. FIL Ltd lifted its position in shares of Buenaventura Mining by 8.8% during the 4th quarter. FIL Ltd now owns 13,473,909 shares of the mining company’s stock valued at $374,979,000 after buying an additional 1,085,443 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Buenaventura Mining by 38.5% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,196,976 shares of the mining company’s stock worth $175,102,000 after acquiring an additional 1,999,475 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Buenaventura Mining by 3,096,894.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,884,290 shares of the mining company’s stock valued at $163,760,000 after acquiring an additional 5,884,100 shares during the period. State Street Corp raised its stake in Buenaventura Mining by 1.2% in the 4th quarter. State Street Corp now owns 3,586,205 shares of the mining company’s stock valued at $99,804,000 after acquiring an additional 44,033 shares during the period. Finally, Tidal Investments LLC lifted its holdings in Buenaventura Mining by 10.5% during the third quarter. Tidal Investments LLC now owns 3,158,341 shares of the mining company’s stock valued at $76,842,000 after purchasing an additional 299,822 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. 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. Zacks Research lowered shares of Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Finally, Wall Street Zen upgraded shares of Buenaventura Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 28th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $44.00.

Buenaventura Mining Stock Performance

Shares of BVN opened at $29.20 on Thursday. Buenaventura Mining Company Inc. has a 52-week low of $16.06 and a 52-week high of $44.67. The stock’s 50-day simple moving average is $33.12 and its 200 day simple moving average is $34.32. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.88 and a current ratio of 2.01. The stock has a market capitalization of $7.41 billion, a price-to-earnings ratio of 7.59 and a beta of 0.42.

Buenaventura Mining (NYSE:BVN) last posted its earnings results on Thursday, April 30th. The mining company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.23. Buenaventura Mining had a return on equity of 24.89% and a net margin of 47.72%.The business had revenue of $624.56 million during the quarter, compared to analyst estimates of $666.00 million. Research analysts forecast that Buenaventura Mining Company Inc. will post 4.31 EPS for the current fiscal year.

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.