Harvest Fund Management Co. Ltd Buys 27,288 Shares of Buenaventura Mining Company Inc. $BVN

Harvest Fund Management Co. Ltd lifted its stake in Buenaventura Mining Company Inc. (NYSE:BVN) by 4,415.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,906 shares of the mining company’s stock after acquiring an additional 27,288 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Buenaventura Mining were worth $776,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 worth $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 purchasing an additional 5,884,100 shares during the last quarter. Tidal Investments LLC grew its stake in Buenaventura Mining by 10.5% during 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 stake in shares of 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 worth $82,927,000 after buying an additional 2,624,485 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake 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 worth $42,285,000 after buying an additional 1,033,045 shares during the last quarter.

Buenaventura Mining Trading Down 11.9%

BVN opened at $30.19 on Friday. Buenaventura Mining Company Inc. has a 52 week low of $15.62 and a 52 week high of $44.67. The business has a fifty day simple moving average of $34.74 and a 200-day simple moving average of $33.37. The firm has a market cap of $7.66 billion, a P/E ratio of 7.84 and a beta of 0.36. 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 released its earnings results on Thursday, April 30th. The mining company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.23. The firm had revenue of $624.56 million during the quarter, compared to analyst estimates of $666.00 million. Buenaventura Mining had a return on equity of 24.89% and a net margin of 47.72%. On average, equities analysts expect that Buenaventura Mining Company Inc. will post 4.31 earnings per share for the current year.

Buenaventura Mining Announces Dividend

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

Analyst Upgrades and Downgrades

BVN has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Buenaventura Mining from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 28th. Zacks Research downgraded Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Weiss Ratings downgraded Buenaventura Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Finally, Scotiabank increased their target price on Buenaventura Mining from $42.00 to $44.00 and gave the company a “sector perform” rating in a 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $44.00.

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.