Hsbc Holdings PLC Acquires 19,386 Shares of Buenaventura Mining Company Inc. $BVN

Hsbc Holdings PLC increased its holdings in Buenaventura Mining Company Inc. (NYSE:BVN) by 12.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 180,912 shares of the mining company’s stock after acquiring an additional 19,386 shares during the period. Hsbc Holdings PLC’s holdings in Buenaventura Mining were worth $6,520,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Corient Private Wealth LLC boosted its stake in Buenaventura Mining by 2.7% during the 4th quarter. Corient Private Wealth LLC now owns 17,857 shares of the mining company’s stock valued at $497,000 after purchasing an additional 470 shares during the last quarter. SmartHarvest Portfolios LLC raised its stake in shares of Buenaventura Mining by 5.6% in the first quarter. SmartHarvest Portfolios LLC now owns 9,898 shares of the mining company’s stock worth $357,000 after purchasing an additional 529 shares during the last quarter. Personal CFO Solutions LLC lifted its holdings in shares of Buenaventura Mining by 4.2% in the first quarter. Personal CFO Solutions LLC now owns 14,006 shares of the mining company’s stock valued at $505,000 after purchasing an additional 563 shares in the last quarter. PKO Investment Management Joint Stock Co lifted its holdings in shares of Buenaventura Mining by 0.7% in the first quarter. PKO Investment Management Joint Stock Co now owns 88,544 shares of the mining company’s stock valued at $3,191,000 after purchasing an additional 602 shares in the last quarter. Finally, Ieq Capital LLC boosted its position in shares of Buenaventura Mining by 6.6% during the fourth quarter. Ieq Capital LLC now owns 10,869 shares of the mining company’s stock valued at $302,000 after buying an additional 674 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Morgan Stanley decreased their price target on Buenaventura Mining from $42.50 to $34.50 and set an “overweight” rating for the company in a report on Wednesday, July 8th. Weiss Ratings downgraded shares of Buenaventura Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Scotiabank reduced their target price on shares of Buenaventura Mining from $44.00 to $40.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 14th. Zacks Research downgraded shares of Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. Finally, 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. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Buenaventura Mining has a consensus rating of “Moderate Buy” and an average price target of $37.25.

Buenaventura Mining Stock Down 2.3%

Shares of NYSE:BVN opened at $31.34 on Friday. The company has a market capitalization of $7.95 billion, a PE ratio of 8.14 and a beta of 0.42. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.01 and a quick ratio of 1.88. The business has a fifty day moving average price of $31.97 and a two-hundred day moving average price of $34.51. Buenaventura Mining Company Inc. has a 1 year low of $16.90 and a 1 year high of $44.67.

Buenaventura Mining (NYSE:BVN) last released its earnings results on Thursday, April 30th. The mining company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.23. The company had revenue of $624.56 million for the quarter, compared to analysts’ expectations of $666.00 million. Buenaventura Mining had a return on equity of 24.89% and a net margin of 47.72%. Analysts forecast that Buenaventura Mining Company Inc. will post 4.39 earnings per share for the current 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.