Candriam S.C.A. Buys 396,681 Shares of Buenaventura Mining Company Inc. $BVN

Candriam S.C.A. raised its stake in shares of Buenaventura Mining Company Inc. (NYSE:BVN) by 170.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 630,000 shares of the mining company’s stock after purchasing an additional 396,681 shares during the period. Candriam S.C.A.’s holdings in Buenaventura Mining were worth $10,345,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. grew its stake in Buenaventura Mining by 24.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,210 shares of the mining company’s stock valued at $135,000 after buying an additional 1,637 shares during the last quarter. Aviva PLC lifted its position in Buenaventura Mining by 2.3% during the 2nd quarter. Aviva PLC now owns 118,894 shares of the mining company’s stock worth $1,952,000 after acquiring an additional 2,717 shares during the last quarter. Fox Run Management L.L.C. boosted its holdings in Buenaventura Mining by 174.7% during 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 acquiring an additional 36,395 shares during the period. Savant Capital LLC bought a new stake in Buenaventura Mining during the second quarter valued at about $166,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Buenaventura Mining in the second quarter valued at about $28,000.

Wall Street Analyst Weigh In

BVN has been the subject of several research analyst reports. Zacks Research cut Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Buenaventura Mining in a research report on Thursday. Scotiabank upped their price target on Buenaventura Mining from $27.00 to $27.50 and gave the stock a “sector perform” rating in a report on Friday, November 7th. Finally, Wall Street Zen raised Buenaventura Mining from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $27.50.

Buenaventura Mining Stock Up 0.1%

BVN stock opened at $23.62 on Friday. Buenaventura Mining Company Inc. has a twelve month low of $11.50 and a twelve month high of $26.97. The company has a quick ratio of 2.31, a current ratio of 2.54 and a debt-to-equity ratio of 0.23. The company has a market cap of $5.99 billion, a PE ratio of 11.99 and a beta of 0.26. The business’s 50-day simple moving average is $22.90 and its 200 day simple moving average is $18.85.

Buenaventura Mining (NYSE:BVN) last posted its quarterly earnings results on Thursday, October 30th. The mining company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.41 by $0.25. Buenaventura Mining had a return on equity of 9.47% and a net margin of 38.38%.The firm had revenue of $431.00 million during the quarter, compared to analysts’ expectations of $355.57 million. On average, research analysts anticipate that Buenaventura Mining Company Inc. will post 1.13 earnings per share for the current year.

Buenaventura Mining Announces Dividend

The company also recently announced a special dividend, which will be paid on Tuesday, December 9th. Investors of record on Wednesday, November 19th will be given a $0.1446 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. Buenaventura Mining’s dividend payout ratio (DPR) is 24.12%.

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.