Buenaventura Mining Company Inc. $BVN Shares Sold by Swedbank AB

Key Points

• Swedbank AB has decreased its stake in Buenaventura Mining Company Inc. by 42.4%, resulting in ownership of 112,400 shares valued at approximately $1.85 million after selling 82,900 shares.
• Institutional investors such as Goldman Sachs Group Inc. have increased their holdings in Buenaventura Mining, with Goldman Sachs boosting its stake by 27.8% to own 427,509 shares worth $6.68 million.
• Analysts have mixed ratings on Buenaventura Mining, with Zacks Research upgrading it to a "strong-buy" rating, while other analysts set an average price target of $15.50 for the stock.

Swedbank AB lowered its stake in Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) by 42.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 112,400 shares of the mining company's stock after selling 82,900 shares during the period. Swedbank AB's holdings in Buenaventura Mining were worth $1,846,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Goldman Sachs Group Inc. boosted its stake in shares of Buenaventura Mining by 27.8% in the first 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 in the last quarter. Strs Ohio purchased a new stake in shares of Buenaventura Mining in the first quarter valued at approximately $1,835,000. Acadian Asset Management LLC boosted its stake in shares of Buenaventura Mining by 14.0% in the first quarter. Acadian Asset Management LLC now owns 1,398,194 shares of the mining company's stock valued at $21,849,000 after buying an additional 171,815 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Buenaventura Mining by 2.0% in the first 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 in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Buenaventura Mining by 12.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,502,101 shares of the mining company's stock valued at $85,998,000 after buying an additional 591,482 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts recently weighed in on BVN shares. Zacks Research upgraded Buenaventura Mining from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 16th. Wall Street Zen downgraded Buenaventura Mining from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $15.50.

Buenaventura Mining Stock Performance

NYSE BVN opened at $21.51 on Tuesday. Buenaventura Mining Company Inc. has a fifty-two week low of $11.50 and a fifty-two week high of $22.09. The stock has a market cap of $5.46 billion, a price-to-earnings ratio of 10.92 and a beta of 0.28. The business has a fifty day moving average of $18.60 and a 200-day moving average of $16.42. The company has a quick ratio of 2.31, a current ratio of 2.54 and a debt-to-equity ratio of 0.23.

Buenaventura Mining (NYSE:BVN - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The mining company reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.10. Buenaventura Mining had a return on equity of 9.47% and a net margin of 38.38%.The company had revenue of $369.50 million during the quarter, compared to analysts' expectations of $338.29 million. As a group, analysts predict that Buenaventura Mining Company Inc. will post 1.13 earnings per share for the current fiscal year.

Buenaventura Mining Profile

Compañía de Minas Buenaventura SAA. engages in the exploration, development, construction, and operation of mineral processing business. The company explores for gold, silver, lead, zinc, and copper metals. It operates operating mining units, including Tambomayo located in the Caylloma province, Orcopampa Unit located in the province of Castilla, Uchucchacua located in province of Oyón, Julcani located in province of Angaraes, Peru, as well as San Gabrie located in the province of General Sánchez Cerro, in the Moquegua region.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.