Shell Asset Management Co. lowered its stake in shares of Buenaventura Mining Company Inc. (NYSE:BVN) by 7.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 282,663 shares of the mining company’s stock after selling 23,522 shares during the period. Shell Asset Management Co. owned approximately 0.11% of Buenaventura Mining worth $3,251,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Van ECK Associates Corp increased its position in shares of Buenaventura Mining by 17.1% in the first quarter. Van ECK Associates Corp now owns 19,245,114 shares of the mining company’s stock valued at $231,711,000 after buying an additional 2,804,239 shares during the last quarter. BlackRock Inc. increased its position in Buenaventura Mining by 1,334.1% in the first quarter. BlackRock Inc. now owns 15,283,839 shares of the mining company’s stock worth $184,018,000 after buying an additional 14,218,103 shares in the last quarter. Oldfield Partners LLP increased its position in Buenaventura Mining by 33.7% in the first quarter. Oldfield Partners LLP now owns 6,073,877 shares of the mining company’s stock worth $44,704,000 after buying an additional 1,529,332 shares in the last quarter. Vanguard Group Inc. increased its position in Buenaventura Mining by 2.2% in the first quarter. Vanguard Group Inc. now owns 6,001,103 shares of the mining company’s stock worth $72,253,000 after buying an additional 126,988 shares in the last quarter. Finally, FMR LLC increased its position in Buenaventura Mining by 3.2% in the first quarter. FMR LLC now owns 4,702,223 shares of the mining company’s stock worth $56,615,000 after buying an additional 144,280 shares in the last quarter. Institutional investors own 49.32% of the company’s stock.
Buenaventura Mining Company Inc. (BVN) opened at 12.49 on Friday. Buenaventura Mining Company Inc. has a 1-year low of $9.87 and a 1-year high of $15.69. The stock has a 50 day moving average of $12.07 and a 200 day moving average of $12.29. The stock’s market capitalization is $3.85 billion.
Buenaventura Mining (NYSE:BVN) last issued its quarterly earnings data on Thursday, July 27th. The mining company reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.24. The business had revenue of $256.73 million during the quarter, compared to analyst estimates of $327.50 million. Buenaventura Mining had a negative net margin of 33.54% and a negative return on equity of 11.01%. Buenaventura Mining’s revenue was down 10.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 earnings per share. On average, analysts expect that Buenaventura Mining Company Inc. will post $0.97 earnings per share for the current year.
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A number of research firms have issued reports on BVN. Credit Suisse Group reaffirmed a “hold” rating on shares of Buenaventura Mining in a report on Friday, July 28th. BidaskClub upgraded shares of Buenaventura Mining from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, ValuEngine lowered shares of Buenaventura Mining from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $15.05.
About Buenaventura Mining
Compania de Minas Buenaventura SAA. (Buenaventura) is a precious metals company. The Company is engaged in the exploration, mining and processing of gold, silver and other metals in Peru. The Company’s segments include Production and sale of minerals; Exploration and development activities; Construction and engineering services; Energy generation and transmission services; Insurance brokerage; Rental of mining concessions; Holding of investment in shares (mainly in Minera Yanacocha S.R.L.
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