Lazard Asset Management LLC Sells 71,490 Shares of Buenaventura Mining Company Inc. $BVN

Lazard Asset Management LLC reduced its position in shares of Buenaventura Mining Company Inc. (NYSE:BVN) by 14.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 417,465 shares of the mining company’s stock after selling 71,490 shares during the quarter. Lazard Asset Management LLC’s holdings in Buenaventura Mining were worth $15,045,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Corient Private Wealth LLC raised its position in Buenaventura Mining by 2.7% in the 4th quarter. Corient Private Wealth LLC now owns 17,857 shares of the mining company’s stock valued at $497,000 after buying an additional 470 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Buenaventura Mining by 4.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 12,949 shares of the mining company’s stock worth $467,000 after acquiring an additional 504 shares during the last quarter. SmartHarvest Portfolios LLC boosted its position in Buenaventura Mining by 5.6% during the 1st quarter. SmartHarvest Portfolios LLC now owns 9,898 shares of the mining company’s stock worth $357,000 after acquiring an additional 529 shares during the last quarter. Personal CFO Solutions LLC boosted its position in Buenaventura Mining by 4.2% during the 1st quarter. Personal CFO Solutions LLC now owns 14,006 shares of the mining company’s stock worth $505,000 after acquiring an additional 563 shares during the last quarter. Finally, PKO Investment Management Joint Stock Co grew its stake in shares of Buenaventura Mining by 0.7% during the 1st quarter. PKO Investment Management Joint Stock Co now owns 88,544 shares of the mining company’s stock worth $3,191,000 after acquiring an additional 602 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BVN. 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 report on Tuesday, July 14th. Finally, Morgan Stanley decreased their target price on shares of Buenaventura Mining from $42.50 to $34.50 and set an “overweight” rating for the company in a research report on Wednesday, July 8th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $37.25.

Buenaventura Mining Stock Down 0.8%

NYSE:BVN opened at $30.13 on Thursday. The firm has a market capitalization of $7.64 billion, a price-to-earnings ratio of 7.83 and a beta of 0.42. Buenaventura Mining Company Inc. has a twelve month low of $16.90 and a twelve month high of $44.67. The stock’s 50 day moving average price is $31.73 and its two-hundred day moving average price 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 (NYSE:BVN) last released its quarterly earnings data on Thursday, April 30th. The mining company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.09 by $0.23. Buenaventura Mining had a return on equity of 24.89% and a net margin of 47.72%.The company had revenue of $624.56 million during the quarter, compared to the consensus estimate of $666.00 million. Equities research analysts expect that Buenaventura Mining Company Inc. will post 4.39 earnings per share for the current fiscal 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.