Diversified Trust Co Buys New Stake in Buenaventura Mining Company Inc. $BVN

Diversified Trust Co acquired a new stake in shares of Buenaventura Mining Company Inc. (NYSE:BVN) in the 1st quarter, HoldingsChannel.com reports. The firm acquired 56,452 shares of the mining company’s stock, valued at approximately $2,035,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Smartleaf Asset Management LLC raised its holdings in shares of Buenaventura Mining by 1,725.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,917 shares of the mining company’s stock worth $55,000 after buying an additional 1,812 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Buenaventura Mining in the 2nd quarter valued at about $32,000. Rockefeller Capital Management L.P. lifted its holdings in Buenaventura Mining by 199.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,449 shares of the mining company’s stock valued at $96,000 after acquiring an additional 2,298 shares during the period. Headlands Technologies LLC lifted its stake in shares of Buenaventura Mining by 60.9% in the 2nd quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company’s stock valued at $62,000 after purchasing an additional 1,424 shares during the period. Finally, Assetmark Inc. boosted its stake in shares of Buenaventura Mining by 463.4% during the 4th quarter. Assetmark Inc. now owns 3,983 shares of the mining company’s stock worth $111,000 after acquiring an additional 3,276 shares in the last quarter.

Buenaventura Mining Trading Down 0.3%

NYSE BVN opened at $32.48 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.88 and a current ratio of 2.01. Buenaventura Mining Company Inc. has a one year low of $15.62 and a one year high of $44.67. The firm has a market cap of $8.24 billion, a price-to-earnings ratio of 8.44 and a beta of 0.36. The firm has a 50 day simple moving average of $34.05 and a 200-day simple moving average of $34.13.

Buenaventura Mining (NYSE:BVN) last posted its quarterly earnings results on Thursday, April 30th. The mining company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.09 by $0.23. Buenaventura Mining had a net margin of 47.72% and a return on equity of 24.89%. The business had revenue of $624.56 million during the quarter, compared to the consensus estimate of $666.00 million. Equities research analysts anticipate that Buenaventura Mining Company Inc. will post 4.31 EPS for the current fiscal year.

Buenaventura Mining Announces Dividend

The company also recently declared a special dividend, which was paid on Tuesday, May 12th. Shareholders of record on Tuesday, April 21st were issued a dividend of $0.9904 per share. The ex-dividend date was Tuesday, April 21st. Buenaventura Mining’s payout ratio is 28.31%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on BVN shares. Zacks Research lowered Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. 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. Scotiabank boosted their price target on shares of Buenaventura Mining from $42.00 to $44.00 and gave the company a “sector perform” rating in a research report on Monday, March 2nd. Finally, Wall Street Zen upgraded Buenaventura Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 28th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $44.00.

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.