TSP Capital Management Group LLC Sells 2,976 Shares of Buenaventura Mining Company Inc. $BVN

TSP Capital Management Group LLC cut its stake in Buenaventura Mining Company Inc. (NYSE:BVN) by 0.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,003,017 shares of the mining company’s stock after selling 2,976 shares during the quarter. Buenaventura Mining makes up approximately 5.2% of TSP Capital Management Group LLC’s investment portfolio, making the stock its 4th largest position. TSP Capital Management Group LLC owned approximately 0.40% of Buenaventura Mining worth $16,470,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in shares of Buenaventura Mining by 19.0% in the 1st quarter. Bank of New York Mellon Corp now owns 234,684 shares of the mining company’s stock valued at $3,668,000 after purchasing an additional 37,482 shares during the period. Acadian Asset Management LLC grew its position in Buenaventura Mining by 14.0% during the first quarter. Acadian Asset Management LLC now owns 1,398,194 shares of the mining company’s stock valued at $21,849,000 after buying an additional 171,815 shares during the period. Fox Run Management L.L.C. increased its holdings in Buenaventura Mining by 174.7% in 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 buying an additional 36,395 shares in the last quarter. Northern Trust Corp raised its position in shares of Buenaventura Mining by 32.9% in the first quarter. Northern Trust Corp now owns 1,642,557 shares of the mining company’s stock worth $25,673,000 after acquiring an additional 406,641 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Buenaventura Mining by 12.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,502,101 shares of the mining company’s stock worth $85,998,000 after acquiring an additional 591,482 shares during the period.

Buenaventura Mining Trading Up 0.2%

BVN stock opened at $23.10 on Wednesday. Buenaventura Mining Company Inc. has a 12-month low of $11.50 and a 12-month high of $26.97. The business’s 50-day moving average is $23.03 and its 200 day moving average is $19.05. 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 stock has a market cap of $5.86 billion, a price-to-earnings ratio of 11.72 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 for the quarter, beating the consensus estimate of $0.41 by $0.25. The business 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, sell-side analysts anticipate that Buenaventura Mining Company Inc. will post 1.13 EPS for the current fiscal year.

Buenaventura Mining Dividend Announcement

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

Analyst Upgrades and Downgrades

BVN has been the topic of a number of analyst reports. Wall Street Zen upgraded Buenaventura Mining from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of Buenaventura Mining in a research report on Thursday, November 13th. Scotiabank boosted their price objective on Buenaventura Mining from $27.00 to $27.50 and gave the company a “sector perform” rating in a research report on Friday, November 7th. Finally, Zacks Research downgraded Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $27.50.

Buenaventura Mining Company 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.