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

Hsbc Holdings PLC reduced its holdings in Buenaventura Mining Company Inc. (NYSE:BVN) by 19.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 161,526 shares of the mining company’s stock after selling 37,855 shares during the quarter. Hsbc Holdings PLC’s holdings in Buenaventura Mining were worth $4,498,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in BVN. FIL Ltd raised its holdings 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 acquiring an additional 1,085,443 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Buenaventura Mining by 38.5% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,196,976 shares of the mining company’s stock valued at $175,102,000 after acquiring an additional 1,999,475 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted 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 valued at $163,760,000 after acquiring an additional 5,884,100 shares in the last quarter. State Street Corp increased its position in Buenaventura Mining by 1.2% during the 4th quarter. State Street Corp now owns 3,586,205 shares of the mining company’s stock valued at $99,804,000 after purchasing an additional 44,033 shares during the period. Finally, Tidal Investments LLC increased its position in Buenaventura Mining by 10.5% during the 3rd quarter. Tidal Investments LLC now owns 3,158,341 shares of the mining company’s stock valued at $76,842,000 after purchasing an additional 299,822 shares during the period.

Buenaventura Mining Stock Down 0.7%

Shares of NYSE:BVN opened at $30.46 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.88 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $33.52 and a two-hundred day simple moving average of $34.21. Buenaventura Mining Company Inc. has a 12-month low of $15.78 and a 12-month high of $44.67. The stock has a market capitalization of $7.73 billion, a price-to-earnings ratio of 7.91 and a beta of 0.36.

Buenaventura Mining (NYSE:BVN) last issued its quarterly earnings results on Thursday, April 30th. The mining company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.23. The firm had revenue of $624.56 million during the quarter, compared to the consensus estimate of $666.00 million. Buenaventura Mining had a return on equity of 24.89% and a net margin of 47.72%. On average, research analysts anticipate that Buenaventura Mining Company Inc. will post 4.31 earnings per share for the current fiscal year.

Buenaventura Mining Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Tuesday, May 12th. Shareholders of record on Tuesday, April 21st were paid a dividend of $0.9904 per share. The ex-dividend date was Tuesday, April 21st. Buenaventura Mining’s dividend payout ratio (DPR) is currently 28.31%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on BVN shares. Wall Street Zen raised shares of Buenaventura Mining from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 28th. Weiss Ratings downgraded shares of Buenaventura Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Scotiabank raised their price objective on shares of Buenaventura Mining from $42.00 to $44.00 and gave the stock a “sector perform” rating in a report on Monday, March 2nd. Finally, Zacks Research cut Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $44.00.

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.