TSP Capital Management Group LLC Decreases Holdings in Buenaventura Mining Company Inc. $BVN

TSP Capital Management Group LLC reduced its stake in Buenaventura Mining Company Inc. (NYSE:BVN) by 16.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 693,133 shares of the mining company’s stock after selling 134,235 shares during the quarter. Buenaventura Mining comprises approximately 6.1% of TSP Capital Management Group LLC’s portfolio, making the stock its 2nd biggest holding. TSP Capital Management Group LLC’s holdings in Buenaventura Mining were worth $24,981,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of Buenaventura Mining during the 2nd quarter valued at about $32,000. Banque Cantonale Vaudoise purchased a new stake in Buenaventura Mining in the first quarter worth approximately $45,000. Smartleaf Asset Management LLC grew its position in Buenaventura Mining by 1,725.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,917 shares of the mining company’s stock valued at $55,000 after acquiring an additional 1,812 shares during the last quarter. Headlands Technologies LLC grew its position in Buenaventura Mining by 60.9% during the second quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company’s stock valued at $62,000 after acquiring an additional 1,424 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in shares of Buenaventura Mining by 199.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,449 shares of the mining company’s stock worth $96,000 after acquiring an additional 2,298 shares in the last quarter.

Analyst Ratings Changes

Several research firms recently commented on BVN. Zacks Research lowered shares of Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. Wall Street Zen raised shares of Buenaventura Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 28th. Finally, 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. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Buenaventura Mining currently has an average rating of “Hold” and a consensus price target of $44.00.

Buenaventura Mining Price Performance

Shares of Buenaventura Mining stock opened at $29.20 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.01 and a quick ratio of 1.88. Buenaventura Mining Company Inc. has a one year low of $16.06 and a one year high of $44.67. The business’s 50 day simple moving average is $33.12 and its two-hundred day simple moving average is $34.32. The stock has a market capitalization of $7.41 billion, a P/E ratio of 7.59 and a beta of 0.42.

Buenaventura Mining (NYSE:BVN) last released its quarterly earnings data 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 firm had revenue of $624.56 million during the quarter, compared to analyst estimates of $666.00 million. Analysts forecast that Buenaventura Mining Company Inc. will post 4.31 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.