Caisse DE Depot ET Placement DU Quebec reduced its stake in shares of Buenaventura Mining Company Inc. (NYSE:BVN) by 14.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 478,664 shares of the mining company’s stock after selling 81,500 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.19% of Buenaventura Mining Company worth $5,769,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Van ECK Associates Corp increased its stake in Buenaventura Mining Company by 17.1% in the first quarter. Van ECK Associates Corp now owns 19,245,114 shares of the mining company’s stock worth $231,711,000 after buying an additional 2,804,239 shares during the last quarter. Oldfield Partners LLP increased its stake in Buenaventura Mining Company by 33.7% in the first quarter. Oldfield Partners LLP now owns 6,073,877 shares of the mining company’s stock worth $44,704,000 after buying an additional 1,529,332 shares in the last quarter. Franklin Resources Inc. increased its stake in Buenaventura Mining Company by 16.9% in the fourth quarter. Franklin Resources Inc. now owns 10,111,403 shares of the mining company’s stock worth $114,077,000 after buying an additional 1,465,050 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in Buenaventura Mining Company during the fourth quarter worth approximately $16,747,000. Finally, Majedie Asset Management Ltd bought a new stake in Buenaventura Mining Company during the first quarter worth approximately $14,930,000. Hedge funds and other institutional investors own 51.55% of the company’s stock.
Shares of Buenaventura Mining Company Inc. (NYSE:BVN) traded down 0.44% during midday trading on Tuesday, reaching $11.24. The company had a trading volume of 1,235,529 shares. The company has a 50 day moving average price of $12.17 and a 200-day moving average price of $12.32. Buenaventura Mining Company Inc. has a one year low of $9.87 and a one year high of $16.45. The firm’s market capitalization is $2.84 billion.
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A number of research firms have issued reports on BVN. Zacks Investment Research raised Buenaventura Mining Company from a “strong sell” rating to a “hold” rating in a research report on Monday, March 13th. ValuEngine cut Buenaventura Mining Company from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.70.
Buenaventura Mining Company Company Profile
Compania de Minas Buenaventura SAA. (Buenaventura) is a precious metals company. The Company is engaged in the exploration, mining and processing of gold, silver and other metals in Peru. The Company’s segments include Production and sale of minerals; Exploration and development activities; Construction and engineering services; Energy generation and transmission services; Insurance brokerage; Rental of mining concessions; Holding of investment in shares (mainly in Minera Yanacocha S.R.L.
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