Point Nemo Capital LLC Purchases New Shares in Buenaventura Mining Company Inc. $BVN

Point Nemo Capital LLC purchased a new position in shares of Buenaventura Mining Company Inc. (NYSE:BVN) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 41,433 shares of the mining company’s stock, valued at approximately $1,308,000.

Several other hedge funds have also recently modified their holdings of BVN. Robeco Institutional Asset Management B.V. grew its position in Buenaventura Mining by 0.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,311,426 shares of the mining company’s stock valued at $136,155,000 after buying an additional 40,110 shares during the last quarter. Centrica Wealth Management LLC acquired a new position in Buenaventura Mining in the 2nd quarter valued at $131,547,000. Bank of Nova Scotia raised its position in Buenaventura Mining by 83.0% during the 1st quarter. Bank of Nova Scotia now owns 2,520,383 shares of the mining company’s stock worth $90,835,000 after buying an additional 1,143,072 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Buenaventura Mining by 32.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,301,015 shares of the mining company’s stock worth $82,929,000 after buying an additional 558,186 shares during the last quarter. Finally, Jennison Associates LLC raised its position in Buenaventura Mining by 140.8% during the 1st quarter. Jennison Associates LLC now owns 1,267,998 shares of the mining company’s stock worth $45,699,000 after buying an additional 741,344 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BVN shares. Zacks Research upgraded shares of Buenaventura Mining from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 13th. Scotiabank dropped their price target on shares of Buenaventura Mining from $44.00 to $40.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 14th. Wall Street Zen upgraded shares of Buenaventura Mining from a “hold” rating to a “buy” rating in a research note on Saturday, October 10th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Buenaventura Mining in a report on Thursday, October 29th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $37.25.

Buenaventura Mining Stock Performance

Shares of BVN stock opened at $28.00 on Friday. The company has a current ratio of 2.59, a quick ratio of 2.43 and a debt-to-equity ratio of 0.15. The stock has a 50 day simple moving average of $31.55 and a 200-day simple moving average of $33.72. The company has a market cap of $7.10 billion, a price-to-earnings ratio of 5.93 and a beta of 0.40. Buenaventura Mining Company Inc. has a 12-month low of $21.68 and a 12-month high of $44.67.

Buenaventura Mining (NYSE:BVN) last posted its quarterly earnings results on Thursday, October 29th. The mining company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.10. Buenaventura Mining had a return on equity of 27.60% and a net margin of 51.78%. The firm had revenue of $545.33 million for the quarter, compared to the consensus estimate of $439.69 million. On average, equities analysts forecast that Buenaventura Mining Company Inc. will post 4.01 EPS for the current year.

Buenaventura Mining Announces Dividend

The firm also recently announced a special dividend, which will be paid on Wednesday, December 9th. Shareholders of record on Friday, November 20th will be issued a $0.5508 dividend. The ex-dividend date of this dividend is Friday, November 20th. Buenaventura Mining’s dividend payout ratio (DPR) is 23.09%.

About Buenaventura Mining

Compañía de Minas Buenaventura SAA., known as Buenaventura, is a Peru-based mining company engaged in the exploration, development, and operation of mineral properties. Its products include gold, silver, copper, lead, and zinc.

The company operates in Peru and participates in mining projects through subsidiaries, joint ventures, and ownership interests. Its portfolio has included both precious- and base-metal operations, as well as interests in larger mining ventures.

Founded in 1953, Buenaventura is headquartered in Lima.