Sagil Capital LLP Has $17.82 Million Stock Position in Buenaventura Mining Company Inc. $BVN

Sagil Capital LLP lowered its stake in shares of Buenaventura Mining Company Inc. (NYSE:BVN) by 20.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,085,207 shares of the mining company’s stock after selling 283,647 shares during the quarter. Buenaventura Mining comprises 7.5% of Sagil Capital LLP’s holdings, making the stock its 3rd largest holding. Sagil Capital LLP owned 0.43% of Buenaventura Mining worth $17,819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Artisan Partners Limited Partnership lifted its position in shares of Buenaventura Mining by 69.4% during the second quarter. Artisan Partners Limited Partnership now owns 1,217,376 shares of the mining company’s stock valued at $19,989,000 after buying an additional 498,585 shares during the last quarter. Candriam S.C.A. grew its position in shares of Buenaventura Mining by 170.0% in the 2nd quarter. Candriam S.C.A. now owns 630,000 shares of the mining company’s stock worth $10,345,000 after buying an additional 396,681 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of 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 worth $135,000 after buying an additional 1,637 shares during the last quarter. Aviva PLC raised its stake in shares of Buenaventura Mining by 2.3% during the 2nd quarter. Aviva PLC now owns 118,894 shares of the mining company’s stock worth $1,952,000 after acquiring an additional 2,717 shares in the last quarter. Finally, Fox Run Management L.L.C. lifted its position in Buenaventura Mining by 174.7% during the second quarter. Fox Run Management L.L.C. now owns 57,223 shares of the mining company’s stock valued at $940,000 after acquiring an additional 36,395 shares during the last quarter.

Buenaventura Mining Trading Down 4.8%

NYSE:BVN opened at $22.80 on Friday. Buenaventura Mining Company Inc. has a 12 month low of $11.50 and a 12 month high of $26.97. The firm has a fifty day simple moving average of $23.16 and a 200-day simple moving average of $19.11. The company has a current ratio of 2.54, a quick ratio of 2.31 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $5.78 billion, a P/E ratio of 11.57 and a beta of 0.26.

Buenaventura Mining (NYSE:BVN) last released its earnings results on Thursday, October 30th. The mining company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.25. The firm had revenue of $431.00 million for the quarter, compared to the consensus estimate of $355.57 million. Buenaventura Mining had a return on equity of 9.47% and a net margin of 38.38%. On average, equities research analysts anticipate that Buenaventura Mining Company Inc. will post 1.13 earnings per share for the current year.

Buenaventura Mining Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have issued reports on BVN. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Buenaventura Mining in a report on Wednesday. Zacks Research cut Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Scotiabank dropped their target price on Buenaventura Mining from $27.50 to $27.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Finally, Wall Street Zen upgraded Buenaventura Mining from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Buenaventura Mining has a consensus rating of “Hold” and a consensus target price of $27.00.

About Buenaventura Mining

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.