Hsbc Holdings PLC Has $4.50 Million Stock Holdings in Buenaventura Mining Company Inc. $BVN

Hsbc Holdings PLC decreased its position in shares of Buenaventura Mining Company Inc. (NYSE:BVN) by 19.0% during the 4th quarter, Holdings Channel reports. The fund 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.

Other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its holdings in Buenaventura Mining by 1,725.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,917 shares of the mining company’s stock worth $55,000 after purchasing an additional 1,812 shares during the period. Raymond James Financial Inc. bought a new position in shares of Buenaventura Mining during the second quarter worth $32,000. Rockefeller Capital Management L.P. grew its holdings in shares of Buenaventura Mining by 199.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,449 shares of the mining company’s stock valued at $96,000 after buying an additional 2,298 shares during the period. Headlands Technologies LLC grew its holdings in shares of Buenaventura Mining by 60.9% in the 2nd quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company’s stock valued at $62,000 after buying an additional 1,424 shares during the period. Finally, Assetmark Inc. increased its position in shares of Buenaventura Mining by 463.4% in the 4th quarter. Assetmark Inc. now owns 3,983 shares of the mining company’s stock valued at $111,000 after buying an additional 3,276 shares in the last quarter.

Analyst Ratings Changes

BVN has been the topic of several research analyst reports. Morgan Stanley dropped their price objective on Buenaventura Mining from $42.50 to $34.50 and set an “overweight” rating on the stock in a research note on Wednesday. Weiss Ratings cut Buenaventura Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Zacks Research downgraded Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. Finally, Wall Street Zen raised Buenaventura Mining from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 28th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $39.25.

Buenaventura Mining Price Performance

Shares of NYSE BVN opened at $29.64 on Friday. The company has a fifty day moving average price of $32.81 and a 200 day moving average price of $34.38. The firm has a market cap of $7.52 billion, a PE ratio of 7.70 and a beta of 0.42. The company has a current ratio of 2.01, a quick ratio of 1.88 and a debt-to-equity ratio of 0.16. Buenaventura Mining Company Inc. has a 1-year low of $16.06 and a 1-year high of $44.67.

Buenaventura Mining (NYSE:BVN) last released its quarterly earnings results on Thursday, April 30th. The mining company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.23. The firm had revenue of $624.56 million for 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%. Research analysts predict that Buenaventura Mining Company Inc. will post 4.31 earnings per share 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.