Stock Traders Buy Large Volume of Call Options on Buenaventura Mining (NYSE:BVN)

Buenaventura Mining Company Inc. (NYSE:BVN) saw some unusual options trading activity on Friday. Stock investors bought 6,006 call options on the stock. This is an increase of approximately 1,409% compared to the typical volume of 398 call options.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Buenaventura Mining in the 2nd quarter valued at $28,000. Raymond James Financial Inc. bought a new stake in Buenaventura Mining in the second quarter worth $32,000. Headlands Technologies LLC boosted its position in Buenaventura Mining by 60.9% during the second quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company’s stock valued at $62,000 after buying an additional 1,424 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Buenaventura Mining by 24.9% during the second quarter. PNC Financial Services Group Inc. now owns 8,210 shares of the mining company’s stock valued at $135,000 after buying an additional 1,637 shares during the last quarter. Finally, Savant Capital LLC purchased a new position in shares of Buenaventura Mining in the second quarter worth about $166,000.

Buenaventura Mining Stock Up 3.1%

BVN opened at $32.19 on Friday. The business’s fifty day simple moving average is $26.10 and its 200 day simple moving average is $22.10. Buenaventura Mining has a 52 week low of $12.20 and a 52 week high of $32.22. The company has a quick ratio of 2.05, a current ratio of 2.27 and a debt-to-equity ratio of 0.18. The stock has a market cap of $8.17 billion, a PE ratio of 18.93 and a beta of 0.35.

Buenaventura Mining (NYSE:BVN) last issued its quarterly earnings results on Friday, October 31st. The mining company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.25. The firm had revenue of $431.04 million during the quarter, compared to analyst estimates of $355.57 million. Buenaventura Mining had a return on equity of 11.76% and a net margin of 30.70%. As a group, research analysts expect that Buenaventura Mining will post 1.13 earnings per share for the current fiscal year.

Buenaventura Mining Announces Dividend

The company also recently announced a special dividend, which was paid on Tuesday, December 9th. Shareholders of record on Wednesday, November 19th were paid a $0.1446 dividend. The ex-dividend date of this dividend was Wednesday, November 19th. Buenaventura Mining’s dividend payout ratio is currently 24.71%.

Wall Street Analyst Weigh In

Several research analysts have commented on BVN shares. Scotiabank cut their price target on shares of Buenaventura Mining from $27.50 to $27.00 and set a “sector perform” rating for the company in a report on Wednesday, November 19th. Wall Street Zen raised Buenaventura Mining from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Zacks Research cut Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Buenaventura Mining in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Buenaventura Mining has a consensus rating of “Hold” and a consensus price target of $27.00.

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.