Hsbc Holdings PLC Has $6.52 Million Holdings in Buenaventura Mining Company Inc. $BVN

Hsbc Holdings PLC increased its holdings in Buenaventura Mining Company Inc. (NYSE:BVN) by 12.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 180,912 shares of the mining company’s stock after purchasing an additional 19,386 shares during the quarter. Hsbc Holdings PLC owned approximately 0.07% of Buenaventura Mining worth $6,520,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Banque Cantonale Vaudoise bought a new stake in Buenaventura Mining in the first quarter valued at approximately $45,000. Smartleaf Asset Management LLC raised its holdings in Buenaventura Mining by 1,725.7% during 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. Raymond James Financial Inc. bought a new position in Buenaventura Mining during the 2nd quarter worth approximately $32,000. Rockefeller Capital Management L.P. boosted its stake 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 valued at $96,000 after purchasing an additional 2,298 shares during the last quarter. Finally, Headlands Technologies LLC increased its position in shares of Buenaventura Mining by 60.9% during the second quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company’s stock worth $62,000 after buying an additional 1,424 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Buenaventura Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 28th. Scotiabank decreased their price target on Buenaventura Mining from $44.00 to $40.00 and set a “sector perform” rating for the company in a report on Tuesday, July 14th. Morgan Stanley lowered their price objective on Buenaventura Mining from $42.50 to $34.50 and set an “overweight” rating for the company in a research report on Wednesday, July 8th. Zacks Research lowered Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Finally, Weiss Ratings cut Buenaventura Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $37.25.

Buenaventura Mining Price Performance

BVN stock opened at $31.34 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.01 and a quick ratio of 1.88. The company’s 50-day moving average is $31.97 and its 200-day moving average is $34.51. The stock has a market capitalization of $7.95 billion, a PE ratio of 8.14 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 results on Thursday, April 30th. The mining company reported $1.32 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $666.00 million. Equities research analysts expect that Buenaventura Mining Company Inc. will post 4.39 EPS for the current fiscal 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.