Candriam S.C.A. Trims Stake in Buenaventura Mining Company Inc. $BVN

Candriam S.C.A. lessened its position in Buenaventura Mining Company Inc. (NYSE:BVN) by 20.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 224,000 shares of the mining company’s stock after selling 56,000 shares during the quarter. Candriam S.C.A.’s holdings in Buenaventura Mining were worth $8,073,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its holdings in Buenaventura Mining by 3,096,894.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,884,290 shares of the mining company’s stock worth $163,760,000 after purchasing an additional 5,884,100 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Buenaventura Mining by 738.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,979,757 shares of the mining company’s stock valued at $82,927,000 after acquiring an additional 2,624,485 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Buenaventura Mining by 38.5% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,196,976 shares of the mining company’s stock worth $175,102,000 after acquiring an additional 1,999,475 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Buenaventura Mining by 244.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,742,829 shares of the mining company’s stock worth $48,503,000 after purchasing an additional 1,236,480 shares during the period. Finally, FIL Ltd increased its stake in shares of Buenaventura Mining by 8.8% during the fourth quarter. FIL Ltd now owns 13,473,909 shares of the mining company’s stock valued at $374,979,000 after purchasing an additional 1,085,443 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Zacks Research downgraded Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Weiss Ratings cut Buenaventura Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Wall Street Zen raised Buenaventura Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 28th. Finally, Morgan Stanley cut their target price on Buenaventura Mining from $42.50 to $34.50 and set an “overweight” rating on the stock in a research note on Wednesday, July 8th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Buenaventura Mining has an average rating of “Moderate Buy” and a consensus target price of $39.25.

Buenaventura Mining Stock Up 0.2%

Shares of Buenaventura Mining stock opened at $30.07 on Monday. The company has a 50-day simple moving average of $32.82 and a two-hundred day simple moving average of $34.38. The stock has a market capitalization of $7.63 billion, a PE ratio of 7.81 and a beta of 0.42. Buenaventura Mining Company Inc. has a 52-week low of $16.06 and a 52-week high of $44.67. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.88 and a current ratio of 2.01.

Buenaventura Mining (NYSE:BVN) last posted its quarterly earnings results on Thursday, April 30th. The mining company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.23. The firm had revenue of $624.56 million for the quarter, compared to analysts’ expectations of $666.00 million. Buenaventura Mining had a net margin of 47.72% and a return on equity of 24.89%. On average, analysts anticipate that Buenaventura Mining Company Inc. will post 4.22 EPS for the current fiscal year.

About Buenaventura Mining

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.