Swedbank AB Increases Position in Buenaventura Mining Company Inc. $BVN

Swedbank AB boosted its holdings in shares of Buenaventura Mining Company Inc. (NYSE:BVN) by 44.9% in the 4th quarter, Holdings Channel reports. The fund owned 53,900 shares of the mining company’s stock after acquiring an additional 16,700 shares during the quarter. Swedbank AB’s holdings in Buenaventura Mining were worth $1,500,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in 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 acquiring an additional 1,999,475 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Buenaventura Mining by 3,096,894.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,884,290 shares of the mining company’s stock valued at $163,760,000 after acquiring an additional 5,884,100 shares in the last quarter. Tidal Investments LLC boosted its holdings in Buenaventura Mining by 10.5% in the 3rd quarter. Tidal Investments LLC now owns 3,158,341 shares of the mining company’s stock valued at $76,842,000 after purchasing an additional 299,822 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Buenaventura Mining by 738.7% in 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 last quarter. Finally, American Century Companies Inc. boosted its holdings in Buenaventura Mining by 146.5% in the 3rd quarter. American Century Companies Inc. now owns 1,737,984 shares of the mining company’s stock valued at $42,285,000 after purchasing an additional 1,033,045 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms have weighed in on BVN. Zacks Research lowered shares of Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. Weiss Ratings lowered shares of Buenaventura Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Scotiabank boosted their target price on shares of Buenaventura Mining from $42.00 to $44.00 and gave the company a “sector perform” rating in a report on Monday, March 2nd. Finally, Wall Street Zen upgraded shares of Buenaventura Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 28th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $44.00.

Buenaventura Mining Stock Performance

NYSE:BVN opened at $34.61 on Thursday. 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 firm has a market capitalization of $8.78 billion, a price-to-earnings ratio of 8.99 and a beta of 0.32. The company’s 50-day moving average is $34.52 and its two-hundred day moving average is $32.90. Buenaventura Mining Company Inc. has a 1-year low of $14.73 and a 1-year high of $44.67.

Buenaventura Mining (NYSE:BVN) last posted its earnings results on Thursday, April 30th. The mining company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.23. The company had revenue of $624.56 million for 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%. Analysts forecast that Buenaventura Mining Company Inc. will post 4.31 EPS for the current year.

Buenaventura Mining Dividend Announcement

The business also recently declared a special dividend, which was paid on Tuesday, May 12th. Stockholders of record on Tuesday, April 21st were paid a $0.9904 dividend. The ex-dividend date of this dividend was Tuesday, April 21st. Buenaventura Mining’s payout ratio is 28.31%.

Buenaventura Mining Company Profile

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.