CoreCommodity Management LLC cut its holdings in Compania de Minas Buenaventura SAA (NYSE:BVN) by 63.5% in the 4th quarter, Holdings Channel reports. The firm owned 14,488 shares of the mining company’s stock after selling 25,195 shares during the period. CoreCommodity Management LLC’s holdings in Compania de Minas Buenaventura SAA were worth $235,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of BVN. Credit Suisse AG raised its stake in shares of Compania de Minas Buenaventura SAA by 9.8% during the third quarter. Credit Suisse AG now owns 1,799,341 shares of the mining company’s stock valued at $24,128,000 after acquiring an additional 160,138 shares during the last quarter. Nordea Investment Management AB bought a new position in shares of Compania de Minas Buenaventura SAA during the third quarter valued at about $924,000. Morgan Stanley raised its stake in shares of Compania de Minas Buenaventura SAA by 4.3% during the third quarter. Morgan Stanley now owns 1,251,156 shares of the mining company’s stock valued at $16,778,000 after acquiring an additional 51,809 shares during the last quarter. Vanguard Group Inc raised its stake in shares of Compania de Minas Buenaventura SAA by 4.1% during the third quarter. Vanguard Group Inc now owns 7,444,281 shares of the mining company’s stock valued at $99,828,000 after acquiring an additional 295,174 shares during the last quarter. Finally, Marathon Asset Management LLP raised its stake in shares of Compania de Minas Buenaventura SAA by 2.4% during the fourth quarter. Marathon Asset Management LLP now owns 1,039,435 shares of the mining company’s stock valued at $16,859,000 after acquiring an additional 24,516 shares during the last quarter. 60.04% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently commented on BVN. Morgan Stanley downgraded shares of Compania de Minas Buenaventura SAA from an “overweight” rating to an “equal weight” rating in a research note on Monday, February 25th. Zacks Investment Research raised shares of Compania de Minas Buenaventura SAA from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Thursday, January 3rd. Goldman Sachs Group began coverage on shares of Compania de Minas Buenaventura SAA in a research note on Tuesday, February 19th. They set a “sell” rating for the company. Finally, Scotiabank downgraded shares of Compania de Minas Buenaventura SAA from a “sector perform” rating to an “underperform” rating in a research note on Friday, January 18th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $17.00.

Shares of NYSE:BVN opened at $17.14 on Friday. The stock has a market cap of $4.35 billion, a PE ratio of 53.56 and a beta of 0.51. The company has a quick ratio of 1.57, a current ratio of 1.91 and a debt-to-equity ratio of 0.18. Compania de Minas Buenaventura SAA has a 12 month low of $11.67 and a 12 month high of $17.31.

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About Compania de Minas Buenaventura SAA

Compañía de Minas Buenaventura SAA., a precious metals company, engages in the exploration, mining, and processing of gold, silver, lead, zinc, and copper metals in Peru, the United States, Europe, and Asia. The company operates five operating mining units, including Uchucchacua, Orcopampa, Julcani, Mallay, and Tambomayo in Peru; and San Gabriel, a mining unit under development stage.

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Institutional Ownership by Quarter for Compania de Minas Buenaventura SAA (NYSE:BVN)

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