Swiss National Bank Has $11.49 Million Stake in Buenaventura Mining Company Inc. $BVN

Swiss National Bank trimmed its stake in Buenaventura Mining Company Inc. (NYSE:BVN) by 11.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 318,908 shares of the mining company’s stock after selling 41,800 shares during the quarter. Swiss National Bank’s holdings in Buenaventura Mining were worth $11,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Goldman Sachs Group Inc. increased its stake in Buenaventura Mining by 27.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 427,509 shares of the mining company’s stock valued at $6,682,000 after buying an additional 93,021 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Buenaventura Mining by 2.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,278,411 shares of the mining company’s stock valued at $19,982,000 after buying an additional 25,440 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Buenaventura Mining during the 2nd quarter valued at $345,000. Invesco Ltd. grew its holdings in shares of Buenaventura Mining by 2,318.6% during the 2nd quarter. Invesco Ltd. now owns 633,036 shares of the mining company’s stock valued at $10,394,000 after acquiring an additional 606,862 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Buenaventura Mining by 691.4% during the 2nd quarter. Sei Investments Co. now owns 228,246 shares of the mining company’s stock valued at $3,748,000 after acquiring an additional 199,405 shares in the last quarter.

Analysts Set New Price Targets

BVN has been the subject of several recent research reports. Weiss Ratings lowered Buenaventura Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Scotiabank lowered their target price on Buenaventura Mining from $44.00 to $40.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 14th. Zacks Research lowered Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Finally, Morgan Stanley cut their price target on Buenaventura Mining from $42.50 to $34.50 and set an “overweight” rating for the company in a research note on Wednesday, July 8th. 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $37.25.

Buenaventura Mining Stock Performance

BVN stock opened at $30.96 on Monday. The company has a quick ratio of 1.88, a current ratio of 2.01 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $7.86 billion, a price-to-earnings ratio of 8.04 and a beta of 0.42. Buenaventura Mining Company Inc. has a 12 month low of $16.90 and a 12 month high of $44.67. The firm has a 50 day moving average of $31.90 and a two-hundred day moving average of $34.52.

Buenaventura Mining (NYSE:BVN) last announced its quarterly earnings results on Thursday, April 30th. The mining company reported $1.32 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $666.00 million. As a group, equities analysts anticipate that Buenaventura Mining Company Inc. will post 4.39 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.