Buenaventura Mining Company Inc. $BVN is TSP Capital Management Group LLC’s 4th Largest Position

TSP Capital Management Group LLC decreased its stake in shares of Buenaventura Mining Company Inc. (NYSE:BVN) by 0.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,003,017 shares of the mining company’s stock after selling 2,976 shares during the quarter. Buenaventura Mining comprises 5.2% of TSP Capital Management Group LLC’s holdings, making the stock its 4th largest position. TSP Capital Management Group LLC’s holdings in Buenaventura Mining were worth $16,470,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its holdings in Buenaventura Mining by 24.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,210 shares of the mining company’s stock valued at $135,000 after buying an additional 1,637 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Buenaventura Mining during the 2nd quarter valued at about $28,000. Brooklyn Investment Group boosted its position in shares of Buenaventura Mining by 1,363.9% during the 1st quarter. Brooklyn Investment Group now owns 1,947 shares of the mining company’s stock valued at $30,000 after acquiring an additional 1,814 shares during the last quarter. Resona Asset Management Co. Ltd. grew its holdings in shares of Buenaventura Mining by 4.6% in the first quarter. Resona Asset Management Co. Ltd. now owns 43,580 shares of the mining company’s stock valued at $680,000 after purchasing an additional 1,908 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in shares of Buenaventura Mining in the first quarter valued at about $37,000.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Buenaventura Mining in a research note on Thursday, November 13th. Wall Street Zen upgraded shares of Buenaventura Mining from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Zacks Research cut Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Finally, Scotiabank raised their target price on Buenaventura Mining from $27.00 to $27.50 and gave the stock a “sector perform” rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $27.50.

Buenaventura Mining Stock Up 0.2%

Shares of NYSE BVN opened at $23.10 on Wednesday. The firm has a market cap of $5.86 billion, a price-to-earnings ratio of 11.72 and a beta of 0.26. The company has a quick ratio of 2.31, a current ratio of 2.54 and a debt-to-equity ratio of 0.23. Buenaventura Mining Company Inc. has a 52-week low of $11.50 and a 52-week high of $26.97. The business’s 50 day moving average is $23.03 and its two-hundred day moving average is $19.05.

Buenaventura Mining (NYSE:BVN) last released its quarterly earnings results on Thursday, October 30th. The mining company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.25. Buenaventura Mining had a return on equity of 9.47% and a net margin of 38.38%.The company had revenue of $431.00 million for the quarter, compared to analysts’ expectations of $355.57 million. Research analysts predict that Buenaventura Mining Company Inc. will post 1.13 EPS for the current year.

Buenaventura Mining Dividend Announcement

The company also recently announced a special dividend, which will be paid on Tuesday, December 9th. Investors of record on Wednesday, November 19th will be issued a dividend of $0.1446 per share. The ex-dividend date is Wednesday, November 19th. Buenaventura Mining’s dividend payout ratio (DPR) is 24.12%.

Buenaventura Mining Profile

Compañía de Minas Buenaventura SAA. engages in the exploration, development, construction, and operation of mineral processing business. The company explores for gold, silver, lead, zinc, and copper metals. It operates operating mining units, including Tambomayo located in the Caylloma province, Orcopampa Unit located in the province of Castilla, Uchucchacua located in province of Oyón, Julcani located in province of Angaraes, Peru, as well as San Gabrie located in the province of General Sánchez Cerro, in the Moquegua region.