Eurizon Capital SGR S.p.A. Acquires New Stake in Buenaventura Mining Company Inc. $BVN

Eurizon Capital SGR S.p.A. acquired a new stake in Buenaventura Mining Company Inc. (NYSE:BVN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 23,321 shares of the mining company’s stock, valued at approximately $649,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Buenaventura Mining by 38.5% in 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 buying an additional 1,999,475 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Buenaventura Mining by 3,096,894.7% in 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 buying an additional 5,884,100 shares during the period. Tidal Investments LLC raised its holdings in shares of 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 buying an additional 299,822 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in shares of 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 buying an additional 2,624,485 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of 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 buying an additional 1,033,045 shares during the period.

Analyst Ratings Changes

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

Buenaventura Mining Price Performance

Shares of NYSE BVN opened at $33.93 on Thursday. The stock’s 50-day moving average is $34.75 and its two-hundred day moving average is $33.32. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.01 and a quick ratio of 1.88. Buenaventura Mining Company Inc. has a 1-year low of $15.62 and a 1-year high of $44.67. The company has a market cap of $8.61 billion, a price-to-earnings ratio of 8.81 and a beta of 0.36.

Buenaventura Mining (NYSE:BVN) last issued its quarterly earnings results on Thursday, April 30th. The mining company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.23. Buenaventura Mining had a return on equity of 24.89% and a net margin of 47.72%.The company had revenue of $624.56 million for the quarter, compared to the consensus estimate of $666.00 million. Analysts forecast 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. Stockholders of record on Tuesday, April 21st were issued a $0.9904 dividend. The ex-dividend date was Tuesday, April 21st. Buenaventura Mining’s dividend payout ratio is presently 28.31%.

About Buenaventura Mining

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.