Oldfield Partners LLP Has $7.78 Million Position in Buenaventura Mining Company Inc. (NYSE:BVN)

Key Points

• Oldfield Partners LLP has reduced its stake in Buenaventura Mining Company by 4.7%, selling 24,300 shares and now holding 498,020 shares, which represent approximately 2.3% of its total holdings.
• Buenaventura Mining reported earnings of $0.40 per share for the last quarter, surpassing estimates by $0.10, with total revenue of $369.50 million against an expected $338.29 million.
• Analysts have mixed ratings with Scotiabank raising its price target for Buenaventura Mining from $15.00 to $15.50, while Wall Street Zen downgraded its rating from "buy" to "hold."

Oldfield Partners LLP lessened its stake in shares of Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) by 4.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 498,020 shares of the mining company's stock after selling 24,300 shares during the quarter. Buenaventura Mining makes up approximately 2.3% of Oldfield Partners LLP's holdings, making the stock its 8th largest holding. Oldfield Partners LLP owned 0.20% of Buenaventura Mining worth $7,784,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BVN. Skandinaviska Enskilda Banken AB publ grew its holdings in Buenaventura Mining by 35.3% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 72,100 shares of the mining company's stock valued at $1,127,000 after buying an additional 18,800 shares during the period. Moneda S.A. Administradora General de Fondos purchased a new position in Buenaventura Mining in the 1st quarter worth approximately $1,292,000. Cetera Investment Advisers acquired a new position in shares of Buenaventura Mining in the 1st quarter valued at approximately $157,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Buenaventura Mining in the 1st quarter valued at approximately $36,000. Finally, Cerity Partners LLC acquired a new position in shares of Buenaventura Mining in the 1st quarter valued at approximately $185,000.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on BVN shares. Scotiabank upped their price target on Buenaventura Mining from $15.00 to $15.50 and gave the company a "sector perform" rating in a research report on Monday, April 14th. Wall Street Zen cut Buenaventura Mining from a "buy" rating to a "hold" rating in a research note on Friday, July 18th.

Buenaventura Mining Stock Down 2.3%

Buenaventura Mining stock traded down $0.41 during mid-day trading on Friday, hitting $17.37. The company's stock had a trading volume of 595,100 shares, compared to its average volume of 721,226. The firm's 50 day moving average is $16.27 and its 200 day moving average is $14.72. The company has a market cap of $4.41 billion, a PE ratio of 8.82 and a beta of 0.43. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.75 and a quick ratio of 1.58. Buenaventura Mining Company Inc. has a 52-week low of $11.50 and a 52-week high of $17.98.

Buenaventura Mining (NYSE:BVN - Get Free Report) last posted 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 9.63% and a net margin of 38.38%. The company had revenue of $369.50 million during the quarter, compared to the consensus estimate of $338.29 million. On average, 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.