SEB Asset Management AB Takes Position in Buenaventura Mining Company Inc. $BVN

SEB Asset Management AB bought a new position in shares of Buenaventura Mining Company Inc. (NYSE:BVN) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 76,023 shares of the mining company’s stock, valued at approximately $2,740,000.

Several other hedge funds and other institutional investors have also modified their holdings of BVN. Banque Cantonale Vaudoise acquired a new position in Buenaventura Mining in the 1st quarter valued at about $45,000. Smartleaf Asset Management LLC lifted its position in Buenaventura Mining by 1,725.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,917 shares of the mining company’s stock worth $55,000 after acquiring an additional 1,812 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Buenaventura Mining during the second quarter worth approximately $32,000. Rockefeller Capital Management L.P. boosted its holdings in shares of 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. Finally, Headlands Technologies LLC boosted its holdings in shares of Buenaventura Mining by 60.9% during the second quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company’s stock worth $62,000 after acquiring an additional 1,424 shares during the period.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BVN. Zacks Research lowered Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Morgan Stanley reduced their price target on Buenaventura Mining from $42.50 to $34.50 and set an “overweight” rating for the company in a research note on Wednesday, July 8th. Scotiabank decreased their price objective on Buenaventura Mining from $44.00 to $40.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 14th. Weiss Ratings cut Buenaventura Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Finally, Wall Street Zen raised Buenaventura Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 28th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.25.

Buenaventura Mining Stock Down 2.3%

Shares of BVN opened at $31.34 on Friday. Buenaventura Mining Company Inc. has a 12 month low of $16.90 and a 12 month high of $44.67. The firm’s 50 day moving average is $31.97 and its 200-day moving average is $34.51. The stock has a market capitalization of $7.95 billion, a PE ratio of 8.14 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 (NYSE:BVN) last released its quarterly earnings results on Thursday, April 30th. The mining company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.23. The company had revenue of $624.56 million during 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%. Equities research analysts forecast that Buenaventura Mining Company Inc. will post 4.39 EPS for the current year.

Buenaventura Mining Company Profile

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.