Pictet Asset Management Holding SA Trims Holdings in Buenaventura Mining Company Inc. $BVN

Pictet Asset Management Holding SA decreased its position in shares of Buenaventura Mining Company Inc. (NYSE:BVN) by 9.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 230,475 shares of the mining company’s stock after selling 23,400 shares during the period. Pictet Asset Management Holding SA owned 0.09% of Buenaventura Mining worth $8,306,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of Buenaventura Mining by 3,096,894.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,884,290 shares of the mining company’s stock worth $163,760,000 after purchasing an additional 5,884,100 shares during the period. Robeco Institutional Asset Management B.V. raised its position in shares of Buenaventura Mining by 738.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,979,757 shares of the mining company’s stock valued at $82,927,000 after purchasing an additional 2,624,485 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Buenaventura Mining by 38.5% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,196,976 shares of the mining company’s stock valued at $175,102,000 after buying an additional 1,999,475 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Buenaventura Mining by 244.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,742,829 shares of the mining company’s stock valued at $48,503,000 after buying an additional 1,236,480 shares in the last quarter. Finally, FIL Ltd boosted its holdings in Buenaventura Mining by 8.8% in the 4th quarter. FIL Ltd now owns 13,473,909 shares of the mining company’s stock worth $374,979,000 after buying an additional 1,085,443 shares during the period.

Analyst Upgrades and Downgrades

BVN has been the subject of a number of 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. Zacks Research downgraded Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Finally, Wall Street Zen raised Buenaventura Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 28th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $44.00.

Buenaventura Mining Stock Performance

Buenaventura Mining stock opened at $29.72 on Friday. Buenaventura Mining Company Inc. has a 1 year low of $16.06 and a 1 year high of $44.67. The firm’s 50 day moving average price is $33.04 and its 200-day moving average price is $34.30. 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 stock has a market cap of $7.54 billion, a P/E ratio of 7.72 and a beta of 0.42.

Buenaventura Mining (NYSE:BVN) last issued its earnings results on Thursday, April 30th. The mining company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.23. The firm had revenue of $624.56 million during the quarter, compared to analyst estimates of $666.00 million. Buenaventura Mining had a net margin of 47.72% and a return on equity of 24.89%. On average, equities analysts predict that Buenaventura Mining Company Inc. will post 4.31 earnings per share for the current fiscal 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.