Buenaventura Mining Company Inc. $BVN Position Cut by Swedbank AB

Swedbank AB lowered its position in shares of Buenaventura Mining Company Inc. (NYSE:BVN) by 66.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 37,200 shares of the mining company’s stock after selling 75,200 shares during the period. Swedbank AB’s holdings in Buenaventura Mining were worth $905,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of BVN. Caitong International Asset Management Co. Ltd acquired a new position in Buenaventura Mining during the 2nd quarter valued at about $28,000. Raymond James Financial Inc. bought a new stake in shares of Buenaventura Mining during the second quarter valued at approximately $32,000. Headlands Technologies LLC boosted its position in shares of Buenaventura Mining by 60.9% during the second quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company’s stock worth $62,000 after buying an additional 1,424 shares during the period. PNC Financial Services Group Inc. grew its holdings 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 worth $135,000 after buying an additional 1,637 shares in the last quarter. Finally, Savant Capital LLC acquired a new stake in Buenaventura Mining in the 2nd quarter valued at approximately $166,000.

Analysts Set New Price Targets

A number of research analysts have issued reports on BVN shares. Zacks Research upgraded Buenaventura Mining from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 9th. Scotiabank cut their price objective on shares of Buenaventura Mining from $27.50 to $27.00 and set a “sector perform” rating on the stock in a research note on Wednesday, November 19th. Wall Street Zen raised shares of Buenaventura Mining from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Buenaventura Mining in a research note on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $27.00.

Buenaventura Mining Trading Up 0.0%

Shares of Buenaventura Mining stock opened at $29.51 on Monday. The business has a fifty day simple moving average of $24.77 and a 200-day simple moving average of $21.23. Buenaventura Mining Company Inc. has a fifty-two week low of $11.50 and a fifty-two week high of $30.07. The firm has a market cap of $7.49 billion, a price-to-earnings ratio of 17.36 and a beta of 0.37. The company has a quick ratio of 2.05, a current ratio of 2.27 and a debt-to-equity ratio of 0.18.

Buenaventura Mining (NYSE:BVN) last issued 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 30.70% and a return on equity of 11.76%. The firm had revenue of $431.04 million for the quarter, compared to analysts’ expectations 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 Announces Dividend

The firm also recently announced a special dividend, which was paid on Tuesday, December 9th. Investors of record on Wednesday, November 19th were issued a dividend of $0.1446 per share. The ex-dividend date was Wednesday, November 19th. Buenaventura Mining’s dividend payout ratio (DPR) is presently 24.71%.

Buenaventura Mining Company Profile

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.