Buenaventura Mining Company Inc. (NYSE:BVN) Shares Sold by Oldfield Partners LLP

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in shares of Buenaventura Mining by 17.1% during the 1st quarter. GAMMA Investing LLC now owns 11,382 shares of the mining company's stock worth $178,000 after purchasing an additional 1,665 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Buenaventura Mining by 13.0% during the 4th quarter. Quadrant Capital Group LLC now owns 15,217 shares of the mining company's stock worth $175,000 after purchasing an additional 1,749 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Buenaventura Mining in the first quarter worth approximately $36,000. Sei Investments Co. increased its stake in Buenaventura Mining by 9.5% in the fourth quarter. Sei Investments Co. now owns 28,841 shares of the mining company's stock valued at $332,000 after acquiring an additional 2,500 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its position in shares of Buenaventura Mining by 0.6% in the 4th quarter. Nuveen Asset Management LLC now owns 416,237 shares of the mining company's stock worth $4,795,000 after buying an additional 2,500 shares during the last quarter.

Buenaventura Mining Stock Performance

BVN traded down $0.41 on Wednesday, hitting $17.21. The company had a trading volume of 238,799 shares, compared to its average volume of 1,020,785. Buenaventura Mining Company Inc. has a 1-year low of $11.50 and a 1-year high of $17.98. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 8.75 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. The company's fifty day moving average price is $16.39 and its 200 day moving average price is $14.77.

Buenaventura Mining (NYSE:BVN - Get Free Report) last released its earnings results on Thursday, July 24th. The mining company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.10. Buenaventura Mining had a return on equity of 9.63% and a net margin of 38.38%. The business had revenue of $369.50 million for the quarter, compared to analyst estimates of $338.29 million. Equities analysts predict that Buenaventura Mining Company Inc. will post 1.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on BVN shares. Scotiabank increased their price target on shares of Buenaventura Mining from $15.00 to $15.50 and gave the stock 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 report on Friday, July 18th.

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.