Bank of America Corp DE trimmed its position in Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) by 44.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 488,886 shares of the mining company's stock after selling 397,788 shares during the quarter. Bank of America Corp DE owned 0.19% of Buenaventura Mining worth $17,619,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FIL Ltd grew its stake in shares of Buenaventura Mining by 8.8% in the fourth quarter. FIL Ltd now owns 13,473,909 shares of the mining company's stock worth $374,979,000 after purchasing an additional 1,085,443 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of 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 worth $163,760,000 after buying an additional 5,884,100 shares during the last quarter. State Street Corp raised its holdings in shares of Buenaventura Mining by 1.2% during the fourth 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 in the last quarter. Tidal Investments LLC raised its holdings in shares of 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 acquiring an additional 299,822 shares in the last quarter. Finally, Bank of Nova Scotia lifted its stake in Buenaventura Mining by 83.0% in the first quarter. Bank of Nova Scotia now owns 2,520,383 shares of the mining company's stock worth $90,835,000 after acquiring an additional 1,143,072 shares during the period.
Buenaventura Mining Stock Performance
Shares of Buenaventura Mining stock opened at $34.04 on Thursday. Buenaventura Mining Company Inc. has a 1 year low of $18.06 and a 1 year high of $44.67. The firm's 50-day moving average is $31.63 and its 200 day moving average is $34.20. The stock has a market cap of $8.64 billion, a price-to-earnings ratio of 7.70 and a beta of 0.43. 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 (NYSE:BVN - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The mining company reported $0.94 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.05). Buenaventura Mining had a net margin of 50.88% and a return on equity of 27.72%. The business had revenue of $528.99 million for the quarter, compared to analysts' expectations of $610.00 million. Sell-side analysts anticipate that Buenaventura Mining Company Inc. will post 4.37 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the stock. Morgan Stanley dropped their target price on shares of Buenaventura Mining from $42.50 to $34.50 and set an "overweight" rating for the company in a research report on Wednesday, July 8th. Wall Street Zen downgraded shares of Buenaventura Mining from a "buy" rating to a "hold" rating in a research note on Sunday. Weiss Ratings restated a "buy (b-)" rating on shares of Buenaventura Mining in a report on Friday, July 31st. Finally, Scotiabank cut their price objective on Buenaventura Mining from $44.00 to $40.00 and set a "sector perform" rating on the stock in a research report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $37.25.
Check Out Our Latest Stock Analysis on Buenaventura Mining
Buenaventura Mining Profile
(
Free Report)
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.
Featured Articles
Want to see what other hedge funds are holding BVN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Buenaventura Mining Company Inc. (NYSE:BVN - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Buenaventura Mining, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Buenaventura Mining wasn't on the list.
While Buenaventura Mining currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
