Oldfield Partners LLP Cuts Holdings in Buenaventura Mining Company Inc. $BVN

Oldfield Partners LLP reduced its stake in shares of Buenaventura Mining Company Inc. (NYSE:BVN) by 70.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,120 shares of the mining company’s stock after selling 116,819 shares during the quarter. Buenaventura Mining makes up about 0.4% of Oldfield Partners LLP’s holdings, making the stock its 8th biggest holding. Oldfield Partners LLP’s holdings in Buenaventura Mining were worth $1,367,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in BVN. Raymond James Financial Inc. bought a new stake in shares of Buenaventura Mining during the 2nd quarter valued at about $32,000. Headlands Technologies LLC raised its stake in Buenaventura Mining by 60.9% in the second quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company’s stock worth $62,000 after buying an additional 1,424 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Buenaventura Mining by 24.9% in the second quarter. PNC Financial Services Group Inc. now owns 8,210 shares of the mining company’s stock worth $135,000 after buying an additional 1,637 shares in the last quarter. Blue Trust Inc. lifted its holdings in Buenaventura Mining by 18.8% in the third quarter. Blue Trust Inc. now owns 8,111 shares of the mining company’s stock worth $197,000 after buying an additional 1,283 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in Buenaventura Mining by 10.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 8,615 shares of the mining company’s stock valued at $210,000 after acquiring an additional 800 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BVN. Zacks Research upgraded Buenaventura Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. Scotiabank lifted their price target on Buenaventura Mining from $42.00 to $44.00 and gave the company a “sector perform” rating in a research report on Monday, March 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Buenaventura Mining in a research note on Monday, December 29th. Finally, Wall Street Zen raised Buenaventura Mining from a “hold” rating to a “buy” rating in a research report on Sunday, March 1st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $44.00.

Buenaventura Mining Price Performance

Shares of BVN opened at $31.56 on Tuesday. The stock has a market cap of $8.01 billion, a PE ratio of 10.25 and a beta of 0.26. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.05 and a current ratio of 2.27. Buenaventura Mining Company Inc. has a fifty-two week low of $12.56 and a fifty-two week high of $44.67. The firm’s 50-day simple moving average is $37.15 and its two-hundred day simple moving average is $29.12.

Buenaventura Mining (NYSE:BVN) last released its earnings results on Thursday, February 26th. The mining company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $1.03. Buenaventura Mining had a net margin of 45.17% and a return on equity of 21.09%. The firm had revenue of $623.40 million during the quarter, compared to analyst estimates of $451.60 million. Analysts anticipate 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. (NYSE: BVN) is one of Peru’s leading precious metals producers, primarily engaged in the exploration, development and operation of gold, silver and base metal mines. Headquartered in Lima, the company’s core activities cover the entire mining cycle from concession acquisition and project evaluation to extraction, milling and metal refining. Buenaventura also holds interests in smelting, refining and trading services, enabling it to market its products both domestically and internationally.

The company’s principal assets include several operating mines in Peru such as Uchucchacua (silver-lead-zinc), Orcopampa (gold-silver) and the Tambomayo gold mine.