Buenaventura Mining Company Inc. $BVN Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its position in shares of Buenaventura Mining Company Inc. (NYSE:BVN) by 7.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,130,912 shares of the mining company’s stock after selling 160,926 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.84% of Buenaventura Mining worth $51,845,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BVN. Goldman Sachs Group Inc. boosted its position in Buenaventura Mining by 27.8% during the first quarter. Goldman Sachs Group Inc. now owns 427,509 shares of the mining company’s stock worth $6,682,000 after acquiring an additional 93,021 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Buenaventura Mining by 2.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,278,411 shares of the mining company’s stock worth $19,982,000 after acquiring an additional 25,440 shares during the last quarter. D.A. Davidson & CO. acquired a new stake in Buenaventura Mining in the 2nd quarter valued at approximately $217,000. Savant Capital LLC purchased a new position in Buenaventura Mining during the 2nd quarter valued at about $166,000. Finally, Fox Run Management L.L.C. boosted its stake in shares of Buenaventura Mining by 174.7% in the second quarter. Fox Run Management L.L.C. now owns 57,223 shares of the mining company’s stock valued at $940,000 after purchasing an additional 36,395 shares during the period.

Buenaventura Mining Stock Performance

Shares of BVN stock opened at $40.02 on Thursday. The company’s fifty day simple moving average is $34.47 and its 200-day simple moving average is $26.74. The company has a market cap of $10.15 billion, a PE ratio of 23.54 and a beta of 0.31. Buenaventura Mining Company Inc. has a 52 week low of $12.45 and a 52 week high of $41.28. The company has a current ratio of 2.27, a quick ratio of 2.05 and a debt-to-equity ratio of 0.18.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Wall Street Zen downgraded Buenaventura Mining from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Zacks Research raised Buenaventura Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. Scotiabank reduced their target price on shares of Buenaventura Mining from $27.50 to $27.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 19th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Buenaventura Mining in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Buenaventura Mining has an average rating of “Buy” and a consensus price target of $27.00.

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.