Ensign Peak Advisors Inc Lowers Position in Buenaventura Mining Company Inc. $BVN

Ensign Peak Advisors Inc reduced its stake in Buenaventura Mining Company Inc. (NYSE:BVN) by 21.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,900 shares of the mining company’s stock after selling 5,400 shares during the period. Ensign Peak Advisors Inc’s holdings in Buenaventura Mining were worth $327,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BVN. PNC Financial Services Group Inc. raised its stake in shares of 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 acquiring an additional 1,637 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Buenaventura Mining in the second quarter valued at approximately $28,000. Brooklyn Investment Group lifted its stake in Buenaventura Mining by 1,363.9% during the first quarter. Brooklyn Investment Group now owns 1,947 shares of the mining company’s stock worth $30,000 after purchasing an additional 1,814 shares in the last quarter. Resona Asset Management Co. Ltd. raised its holdings in shares of Buenaventura Mining by 4.6% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 43,580 shares of the mining company’s stock valued at $680,000 after buying an additional 1,908 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in shares of Buenaventura Mining in the 1st quarter valued at $37,000.

Analyst Ratings Changes

Several research firms have weighed in on BVN. Wall Street Zen raised Buenaventura Mining from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Weiss Ratings restated a “buy (b)” rating on shares of Buenaventura Mining in a research note on Tuesday, November 25th. Zacks Research cut Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, Scotiabank lowered their target price on Buenaventura Mining from $27.50 to $27.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 19th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $27.00.

Buenaventura Mining Trading Up 2.4%

Shares of Buenaventura Mining stock opened at $24.86 on Monday. The company has a current ratio of 2.54, a quick ratio of 2.31 and a debt-to-equity ratio of 0.23. The company has a fifty day simple moving average of $23.59 and a 200-day simple moving average of $19.55. The stock has a market cap of $6.31 billion, a price-to-earnings ratio of 12.62 and a beta of 0.26. Buenaventura Mining Company Inc. has a 12-month low of $11.50 and a 12-month high of $26.97.

Buenaventura Mining (NYSE:BVN) last announced its quarterly earnings results on Friday, October 31st. The mining company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.41 by $0.25. Buenaventura Mining had a net margin of 38.38% and a return on equity of 9.47%. The firm had revenue of $431.04 million for the quarter, compared to analyst estimates of $355.57 million. On average, equities analysts forecast that Buenaventura Mining Company Inc. will post 1.13 EPS for the current fiscal year.

Buenaventura Mining Dividend Announcement

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 is 24.12%.

Buenaventura Mining 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.