Swedbank AB Raises Holdings in Buenaventura Mining Company Inc. $BVN

Swedbank AB lifted its stake in Buenaventura Mining Company Inc. (NYSE:BVN) by 44.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,900 shares of the mining company’s stock after buying an additional 16,700 shares during the quarter. Swedbank AB’s holdings in Buenaventura Mining were worth $1,500,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. William Blair Investment Management LLC purchased a new position in Buenaventura Mining during the third quarter worth approximately $8,509,000. Sprott Inc. purchased a new position in Buenaventura Mining during the third quarter worth approximately $25,647,000. Polunin Capital Partners Ltd boosted its position in Buenaventura Mining by 8.2% during the fourth quarter. Polunin Capital Partners Ltd now owns 540,381 shares of the mining company’s stock worth $15,039,000 after purchasing an additional 41,100 shares in the last quarter. APG Asset Management N.V. boosted its position in Buenaventura Mining by 125.6% during the third quarter. APG Asset Management N.V. now owns 91,787 shares of the mining company’s stock worth $2,233,000 after purchasing an additional 51,100 shares in the last quarter. Finally, Compound Planning Inc. purchased a new position in Buenaventura Mining during the third quarter worth approximately $813,000.

Buenaventura Mining Stock Performance

NYSE BVN opened at $35.40 on Monday. The company has a market cap of $8.98 billion, a PE ratio of 9.19 and a beta of 0.32. The stock’s 50 day simple moving average is $35.53 and its 200-day simple moving average is $31.65. Buenaventura Mining Company Inc. has a 1-year low of $14.00 and a 1-year high of $44.67. 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 (NYSE:BVN) last released its earnings results on Wednesday, April 29th. The mining company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.23. The business had revenue of $624.56 million for the quarter, compared to the consensus estimate of $666.00 million. Buenaventura Mining had a return on equity of 24.89% and a net margin of 47.72%. As a group, equities research analysts anticipate that Buenaventura Mining Company Inc. will post 4.41 EPS for the current fiscal year.

Buenaventura Mining Dividend Announcement

The business also recently declared a special dividend, which will be paid on Tuesday, May 12th. Investors of record on Tuesday, April 21st will be issued a $0.9904 dividend. The ex-dividend date of this dividend is Tuesday, April 21st. Buenaventura Mining’s dividend payout ratio (DPR) is currently 28.31%.

Analyst Upgrades and Downgrades

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

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.