Buenaventura Mining Company Inc. $BVN Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its position in Buenaventura Mining Company Inc. (NYSE:BVN) by 3,096,894.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,884,290 shares of the mining company’s stock after acquiring an additional 5,884,100 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 2.32% of Buenaventura Mining worth $163,760,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of Buenaventura Mining in the 2nd quarter worth approximately $32,000. Headlands Technologies LLC grew its holdings in shares of Buenaventura Mining by 60.9% in the 2nd quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company’s stock worth $62,000 after acquiring an additional 1,424 shares during the period. Assetmark Inc. grew its holdings in shares of Buenaventura Mining by 463.4% in the 4th quarter. Assetmark Inc. now owns 3,983 shares of the mining company’s stock worth $111,000 after acquiring an additional 3,276 shares during the period. Ballentine Partners LLC acquired a new stake in shares of Buenaventura Mining in the 4th quarter worth approximately $210,000. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of Buenaventura Mining by 10.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 8,615 shares of the mining company’s stock worth $210,000 after acquiring an additional 800 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in 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. 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. Weiss Ratings cut Buenaventura Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Finally, Zacks Research lowered Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. 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 a consensus rating of “Hold” and a consensus price target of $44.00.

Buenaventura Mining Price Performance

BVN stock opened at $34.28 on Friday. Buenaventura Mining Company Inc. has a 1 year low of $14.05 and a 1 year high of $44.67. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.88 and a current ratio of 2.01. The stock’s 50 day moving average price is $35.04 and its 200 day moving average price is $32.16. The firm has a market cap of $8.70 billion, a P/E ratio of 8.90 and a beta of 0.32.

Buenaventura Mining (NYSE:BVN) last posted its earnings results on Wednesday, April 29th. The mining company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.23. Buenaventura Mining had a return on equity of 24.89% and a net margin of 47.72%.The firm had revenue of $624.56 million for the quarter, compared to analyst estimates of $666.00 million. On average, sell-side analysts expect that Buenaventura Mining Company Inc. will post 4.31 earnings per share for the current fiscal year.

Buenaventura Mining Dividend Announcement

The business also recently announced a special dividend, which was paid on Tuesday, May 12th. Investors of record on Tuesday, April 21st were paid a $0.9904 dividend. The ex-dividend date of this dividend 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.