Hsbc Holdings PLC Trims Holdings in Buenaventura Mining Company Inc. $BVN

Hsbc Holdings PLC trimmed its stake in shares of Buenaventura Mining Company Inc. (NYSE:BVN) by 19.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 161,526 shares of the mining company’s stock after selling 37,855 shares during the quarter. Hsbc Holdings PLC owned 0.06% of Buenaventura Mining worth $4,498,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. FIL Ltd grew its stake in Buenaventura Mining by 8.8% during the fourth quarter. FIL Ltd now owns 13,473,909 shares of the mining company’s stock valued at $374,979,000 after acquiring an additional 1,085,443 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Buenaventura Mining by 38.5% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,196,976 shares of the mining company’s stock worth $175,102,000 after purchasing an additional 1,999,475 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Buenaventura Mining by 3,096,894.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,884,290 shares of the mining company’s stock valued at $163,760,000 after purchasing an additional 5,884,100 shares during the period. State Street Corp grew its position in shares of Buenaventura Mining by 1.2% during the 4th quarter. State Street Corp now owns 3,586,205 shares of the mining company’s stock valued at $99,804,000 after purchasing an additional 44,033 shares in the last quarter. Finally, Tidal Investments LLC grew its position in shares of Buenaventura Mining by 10.5% during the 3rd quarter. Tidal Investments LLC now owns 3,158,341 shares of the mining company’s stock valued at $76,842,000 after purchasing an additional 299,822 shares in the last quarter.

Buenaventura Mining Trading Down 0.7%

NYSE BVN opened at $30.46 on Friday. Buenaventura Mining Company Inc. has a 1-year low of $15.78 and a 1-year high of $44.67. The company has a current ratio of 2.01, a quick ratio of 1.88 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average of $33.52 and a 200-day moving average of $34.21. The firm has a market cap of $7.73 billion, a PE ratio of 7.91 and a beta of 0.36.

Buenaventura Mining (NYSE:BVN) last issued its earnings results on Thursday, April 30th. The mining company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.09 by $0.23. The company had revenue of $624.56 million for the quarter, compared to the consensus estimate of $666.00 million. Buenaventura Mining had a net margin of 47.72% and a return on equity of 24.89%. As a group, sell-side analysts forecast that Buenaventura Mining Company Inc. will post 4.31 EPS for the current year.

Buenaventura Mining Announces Dividend

The company also recently disclosed a special dividend, which was paid on Tuesday, May 12th. Shareholders of record on Tuesday, April 21st were given a $0.9904 dividend. The ex-dividend date was Tuesday, April 21st. Buenaventura Mining’s payout ratio is presently 28.31%.

Analysts Set New Price Targets

BVN has been the topic of a number of research analyst reports. Weiss Ratings lowered Buenaventura Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Scotiabank lifted their price target on Buenaventura Mining from $42.00 to $44.00 and gave the company a “sector perform” rating in a research report on Monday, March 2nd. Wall Street Zen raised Buenaventura Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 28th. Finally, Zacks Research cut shares of Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Buenaventura Mining has a consensus rating of “Hold” and an average target price of $44.00.

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.