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

Key Points

• Swedbank AB has reduced its stake in Buenaventura Mining Company Inc. by 15.9%, now owning 195,300 shares worth approximately $3,053,000.
• Several institutional investors, including Brooklyn Investment Group, have significantly increased their positions in the mining company during the first quarter of 2023.
• Wall Street analysts have downgraded Buenaventura Mining from a "buy" rating to a "hold" rating, although the stock has shown a 2.8% increase recently, currently valued at $20.64.

Swedbank AB decreased its stake in shares of Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) by 15.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 195,300 shares of the mining company's stock after selling 36,900 shares during the quarter. Swedbank AB owned about 0.08% of Buenaventura Mining worth $3,053,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Buenaventura Mining by 12.0% in the 1st 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 acquiring an additional 591,482 shares in the last quarter. Helikon Investments Ltd bought a new stake in shares of Buenaventura Mining during the 1st quarter valued at about $26,686,000. Northern Trust Corp boosted its holdings in Buenaventura Mining by 32.9% in the first quarter. Northern Trust Corp now owns 1,642,557 shares of the mining company's stock worth $25,673,000 after acquiring an additional 406,641 shares in the last quarter. Acadian Asset Management LLC raised 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 worth $21,849,000 after purchasing an additional 171,815 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised 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 worth $19,982,000 after purchasing an additional 25,440 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BVN shares. Wall Street Zen lowered Buenaventura Mining from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Zacks Research raised Buenaventura Mining from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $15.50.

Buenaventura Mining Stock Up 4.4%

BVN traded up $0.88 during trading on Friday, hitting $20.90. The stock had a trading volume of 5,248,533 shares, compared to its average volume of 1,053,333. Buenaventura Mining Company Inc. has a twelve month low of $11.50 and a twelve month high of $20.96. The stock has a 50 day simple moving average of $18.50 and a two-hundred day simple moving average of $16.33. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.31 and a current ratio of 2.54. The company has a market capitalization of $5.30 billion, a PE ratio of 10.61 and a beta of 0.28.

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

About Buenaventura Mining

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.