Legal & General Group Plc Boosts Stake in Buenaventura Mining Company Inc. $BVN

Legal & General Group Plc increased its holdings in shares of Buenaventura Mining Company Inc. (NYSE:BVN) by 7.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,124,964 shares of the mining company’s stock after purchasing an additional 81,344 shares during the period. Legal & General Group Plc owned approximately 0.44% of Buenaventura Mining worth $31,308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Swedbank AB raised its holdings in shares of Buenaventura Mining by 44.9% during the fourth quarter. Swedbank AB now owns 53,900 shares of the mining company’s stock worth $1,500,000 after purchasing an additional 16,700 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of Buenaventura Mining by 3,503.4% during the fourth quarter. Global Retirement Partners LLC now owns 4,216 shares of the mining company’s stock worth $117,000 after purchasing an additional 4,099 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Buenaventura Mining by 56.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 12,445 shares of the mining company’s stock worth $346,000 after purchasing an additional 4,480 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Buenaventura Mining by 3,096,894.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,884,290 shares of the mining company’s stock worth $163,760,000 after purchasing an additional 5,884,100 shares during the last quarter. Finally, Swiss Life Asset Management Ltd raised its holdings in shares of Buenaventura Mining by 42.9% during the fourth quarter. Swiss Life Asset Management Ltd now owns 24,229 shares of the mining company’s stock worth $674,000 after purchasing an additional 7,275 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on BVN shares. Wall Street Zen raised shares of Buenaventura Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 28th. Weiss Ratings cut shares of Buenaventura Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Zacks Research cut shares of Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. Finally, Scotiabank lifted their price objective on shares of Buenaventura Mining from $42.00 to $44.00 and gave the company a “sector perform” rating in a report on Monday, March 2nd. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $44.00.

Buenaventura Mining Stock Up 5.5%

BVN opened at $36.94 on Friday. Buenaventura Mining Company Inc. has a fifty-two week low of $14.80 and a fifty-two week 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 company has a fifty day moving average of $34.55 and a two-hundred day moving average of $33.02. The stock has a market capitalization of $9.37 billion, a price-to-earnings ratio of 9.59 and a beta of 0.32.

Buenaventura Mining (NYSE:BVN) last released its quarterly earnings data on Thursday, April 30th. The mining company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.23. Buenaventura Mining had a net margin of 47.72% and a return on equity of 24.89%. The company had revenue of $624.56 million during the quarter, compared to analysts’ expectations of $666.00 million. On average, research analysts expect 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 given a $0.9904 dividend. The ex-dividend date was Tuesday, April 21st. Buenaventura Mining’s dividend payout ratio (DPR) is 28.31%.

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.