Hsbc Holdings PLC Decreases Stake in Buenaventura Mining Company Inc. $BVN

Key Points

• Hsbc Holdings PLC has decreased its holdings in Buenaventura Mining Company Inc. by 29.6%, now owning 69,119 shares valued at approximately $1.08 million.
• Wall Street analysts have downgraded Buenaventura Mining from a "buy" to a "hold" rating, with the stock having a current consensus rating of "Moderate Buy."
• The company reported earnings of $0.40 per share in its last quarter, exceeding expectations by $0.10, with revenue of $369.5 million.

Hsbc Holdings PLC trimmed its stake in Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) by 29.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,119 shares of the mining company's stock after selling 29,113 shares during the period. Hsbc Holdings PLC's holdings in Buenaventura Mining were worth $1,078,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC increased its holdings in Buenaventura Mining by 17.1% in the first quarter. GAMMA Investing LLC now owns 11,382 shares of the mining company's stock valued at $178,000 after purchasing an additional 1,665 shares during the period. BNP Paribas Financial Markets increased its holdings in Buenaventura Mining by 1,534.8% in the fourth quarter. BNP Paribas Financial Markets now owns 149,876 shares of the mining company's stock valued at $1,727,000 after purchasing an additional 140,708 shares during the period. QRG Capital Management Inc. acquired a new stake in Buenaventura Mining in the first quarter valued at $184,000. Bank of New York Mellon Corp boosted its position in Buenaventura Mining by 19.0% during the first quarter. Bank of New York Mellon Corp now owns 234,684 shares of the mining company's stock valued at $3,668,000 after acquiring an additional 37,482 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Buenaventura Mining by 105.3% during the fourth quarter. Northern Trust Corp now owns 1,235,916 shares of the mining company's stock valued at $14,238,000 after acquiring an additional 633,793 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Buenaventura Mining from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $16.75.

Buenaventura Mining Stock Up 0.8%

Shares of BVN stock traded up $0.16 on Wednesday, reaching $19.80. 734,714 shares of the company were exchanged, compared to its average volume of 1,016,896. The company has a market cap of $5.02 billion, a price-to-earnings ratio of 10.07 and a beta of 0.28. The company has a 50-day moving average of $17.56 and a 200-day moving average of $15.71. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.54 and a quick ratio of 2.31. Buenaventura Mining Company Inc. has a one year low of $11.50 and a one year high of $20.19.

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

Buenaventura Mining Company 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.