Caitong International Asset Management Co. Ltd Invests $1.40 Million in Buenaventura Mining Company Inc. $BVN

Caitong International Asset Management Co. Ltd bought a new position in shares of Buenaventura Mining Company Inc. (NYSE:BVN) during the fourth quarter, Holdings Channel.com reports. The fund bought 50,338 shares of the mining company’s stock, valued at approximately $1,401,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. FIL Ltd lifted its position in shares of Buenaventura Mining by 8.8% during the 4th quarter. FIL Ltd now owns 13,473,909 shares of the mining company’s stock worth $374,979,000 after buying an additional 1,085,443 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Buenaventura Mining by 38.5% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,196,976 shares of the mining company’s stock valued at $175,102,000 after acquiring an additional 1,999,475 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Buenaventura Mining by 3,096,894.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,884,290 shares of the mining company’s stock valued at $163,760,000 after acquiring an additional 5,884,100 shares during the period. State Street Corp raised its position in Buenaventura Mining by 1.2% in the 4th quarter. State Street Corp now owns 3,586,205 shares of the mining company’s stock valued at $99,804,000 after purchasing an additional 44,033 shares during the last quarter. Finally, Tidal Investments LLC boosted its stake in Buenaventura Mining by 10.5% during the 3rd quarter. Tidal Investments LLC now owns 3,158,341 shares of the mining company’s stock worth $76,842,000 after purchasing an additional 299,822 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Weiss Ratings lowered shares of Buenaventura Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Zacks Research downgraded shares of Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Scotiabank upped their price target on Buenaventura Mining from $42.00 to $44.00 and gave the stock a “sector perform” rating in a report on Monday, March 2nd. Finally, Wall Street Zen raised Buenaventura Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 28th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $44.00.

Buenaventura Mining Price Performance

Buenaventura Mining stock opened at $32.49 on Friday. Buenaventura Mining Company Inc. has a 1 year low of $15.62 and a 1 year high of $44.67. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.88 and a current ratio of 2.01. The firm has a 50 day moving average price of $34.16 and a 200 day moving average price of $34.01. The company has a market cap of $8.24 billion, a price-to-earnings ratio of 8.44 and a beta of 0.36.

Buenaventura Mining (NYSE:BVN) last posted its quarterly earnings results on Thursday, April 30th. The mining company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.23. Buenaventura Mining had a return on equity of 24.89% and a net margin of 47.72%.The firm had revenue of $624.56 million during the quarter, compared to the consensus estimate of $666.00 million. Sell-side analysts predict that Buenaventura Mining Company Inc. will post 4.31 earnings per share for the current year.

Buenaventura Mining Dividend Announcement

The business also recently announced a special dividend, which was paid on Tuesday, May 12th. Stockholders of record on Tuesday, April 21st were paid a $0.9904 dividend. The ex-dividend date was Tuesday, April 21st. Buenaventura Mining’s dividend payout ratio (DPR) is 28.31%.

Buenaventura Mining 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.