Swedbank AB Grows Holdings in Buenaventura Mining Company Inc. $BVN

Swedbank AB raised its position in Buenaventura Mining Company Inc. (NYSE:BVN) by 44.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,900 shares of the mining company’s stock after buying an additional 16,700 shares during the period. Swedbank AB’s holdings in Buenaventura Mining were worth $1,500,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Buenaventura Mining by 38.5% in the third 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 buying an additional 1,999,475 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Buenaventura Mining by 3,096,894.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,884,290 shares of the mining company’s stock valued at $163,760,000 after buying an additional 5,884,100 shares in the last quarter. Tidal Investments LLC increased its holdings in Buenaventura Mining by 10.5% in the third quarter. Tidal Investments LLC now owns 3,158,341 shares of the mining company’s stock valued at $76,842,000 after buying an additional 299,822 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Buenaventura Mining by 738.7% in the fourth 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 buying an additional 2,624,485 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of Buenaventura Mining by 146.5% in the third 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 period.

Analyst Ratings Changes

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

Buenaventura Mining Stock Down 1.4%

Shares of NYSE BVN opened at $34.61 on Thursday. The firm has a market cap of $8.78 billion, a price-to-earnings ratio of 8.99 and a beta of 0.32. Buenaventura Mining Company Inc. has a 52-week low of $14.73 and a 52-week high of $44.67. The company’s 50-day simple moving average is $34.52 and its 200-day simple moving average is $32.90. The company has a quick ratio of 1.88, a current ratio of 2.01 and a debt-to-equity ratio of 0.16.

Buenaventura Mining (NYSE:BVN) last announced its quarterly earnings data on Thursday, April 30th. The mining company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.23. Buenaventura Mining had a net margin of 47.72% and a return on equity of 24.89%. The company had revenue of $624.56 million during the quarter, compared to analysts’ expectations of $666.00 million. Equities analysts predict that Buenaventura Mining Company Inc. will post 4.31 EPS for the current fiscal year.

Buenaventura Mining Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Tuesday, May 12th. Investors of record on Tuesday, April 21st were paid a dividend of $0.9904 per share. The ex-dividend date of this dividend was Tuesday, April 21st. Buenaventura Mining’s dividend payout ratio is currently 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.