Buenaventura Mining Company Inc. $BVN Shares Sold by SummitTX Capital L.P.

SummitTX Capital L.P. trimmed its holdings in Buenaventura Mining Company Inc. (NYSE:BVN) by 32.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 205,659 shares of the mining company’s stock after selling 100,888 shares during the quarter. SummitTX Capital L.P.’s holdings in Buenaventura Mining were worth $7,412,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of Buenaventura Mining during the 2nd quarter valued at about $32,000. Banque Cantonale Vaudoise purchased a new stake in shares of Buenaventura Mining in the first quarter worth about $45,000. Smartleaf Asset Management LLC boosted its stake in shares of 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 buying an additional 1,812 shares during the last quarter. Headlands Technologies LLC boosted its stake in shares of Buenaventura Mining by 60.9% in the second quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company’s stock worth $62,000 after buying an additional 1,424 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in Buenaventura Mining by 199.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,449 shares of the mining company’s stock worth $96,000 after acquiring an additional 2,298 shares during the period.

Buenaventura Mining Trading Up 0.2%

BVN stock opened at $30.96 on Monday. The company’s 50-day simple moving average is $31.90 and its 200-day simple moving average is $34.52. The company has a quick ratio of 1.88, a current ratio of 2.01 and a debt-to-equity ratio of 0.16. Buenaventura Mining Company Inc. has a 52-week low of $16.90 and a 52-week high of $44.67. The firm has a market cap of $7.86 billion, a P/E ratio of 8.04 and a beta of 0.42.

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

Analyst Upgrades and Downgrades

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

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.