75,721 Buenaventura Mining Company Inc. $BVN Shares Sold by Matthews International Capital Management LLC

Matthews International Capital Management LLC cut its position in shares of Buenaventura Mining Company Inc. (NYSE:BVN) by 43.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 99,341 shares of the mining company’s stock after selling 75,721 shares during the period. Buenaventura Mining accounts for 1.3% of Matthews International Capital Management LLC’s holdings, making the stock its 24th biggest position. Matthews International Capital Management LLC’s holdings in Buenaventura Mining were worth $3,137,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. boosted its stake in shares of Buenaventura Mining by 0.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,311,426 shares of the mining company’s stock worth $136,155,000 after acquiring an additional 40,110 shares in the last quarter. Centrica Wealth Management LLC acquired a new stake in shares of Buenaventura Mining during the 2nd quarter valued at about $131,547,000. Bank of Nova Scotia increased its stake in shares of Buenaventura Mining by 83.0% in the 1st quarter. Bank of Nova Scotia now owns 2,520,383 shares of the mining company’s stock valued at $90,835,000 after purchasing an additional 1,143,072 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Buenaventura Mining by 32.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,301,015 shares of the mining company’s stock valued at $82,929,000 after purchasing an additional 558,186 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in shares of Buenaventura Mining by 140.8% in the 1st quarter. Jennison Associates LLC now owns 1,267,998 shares of the mining company’s stock valued at $45,699,000 after purchasing an additional 741,344 shares in the last quarter.

Buenaventura Mining Stock Down 6.4%

NYSE BVN opened at $27.06 on Wednesday. The business’s fifty day simple moving average is $31.28 and its 200-day simple moving average is $33.63. The company has a quick ratio of 2.43, a current ratio of 2.59 and a debt-to-equity ratio of 0.15. The firm has a market cap of $6.87 billion, a PE ratio of 5.73 and a beta of 0.40. Buenaventura Mining Company Inc. has a 52 week low of $22.43 and a 52 week high of $44.67.

Buenaventura Mining (NYSE:BVN) last released its quarterly earnings data on Thursday, October 29th. The mining company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.10. Buenaventura Mining had a return on equity of 27.60% and a net margin of 51.78%. The firm had revenue of $545.33 million for the quarter, compared to analysts’ expectations of $439.69 million. As a group, equities analysts anticipate that Buenaventura Mining Company Inc. will post 4.01 earnings per share for the current year.

Buenaventura Mining Dividend Announcement

The company also recently announced a special dividend, which will be paid on Wednesday, December 9th. Shareholders of record on Friday, November 20th will be given a $0.5508 dividend. The ex-dividend date of this dividend is Friday, November 20th. Buenaventura Mining’s payout ratio is currently 23.09%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BVN. Zacks Research upgraded Buenaventura Mining from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 13th. Weiss Ratings restated a “buy (b-)” rating on shares of Buenaventura Mining in a research report on Thursday, October 29th. Scotiabank cut their price objective on Buenaventura Mining from $44.00 to $40.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 14th. Finally, Wall Street Zen raised Buenaventura Mining from a “hold” rating to a “buy” rating in a research note on Saturday, October 10th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Buenaventura Mining currently has an average rating of “Moderate Buy” and an average target price of $37.25.

Buenaventura Mining Profile

Compañía de Minas Buenaventura S.A.A., known as Buenaventura, is a Peru-based mining company engaged in the exploration, development, and operation of mineral properties. Its products include gold, silver, copper, lead, and zinc. The company operates in Peru and participates in mining projects through subsidiaries, joint ventures, and ownership interests. Its portfolio has included both precious- and base-metal operations, as well as interests in larger mining ventures. Founded in 1953, Buenaventura is headquartered in Lima.