Jennison Associates LLC Buys Shares of 526,654 Buenaventura Mining Company Inc. $BVN

Jennison Associates LLC bought a new stake in Buenaventura Mining Company Inc. (NYSE:BVN) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 526,654 shares of the mining company’s stock, valued at approximately $14,657,000.

Other hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in Buenaventura Mining in the second quarter valued at about $32,000. Headlands Technologies LLC increased its holdings in Buenaventura Mining by 60.9% in 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 in the last quarter. Assetmark Inc. increased its holdings in Buenaventura Mining by 463.4% in the fourth quarter. Assetmark Inc. now owns 3,983 shares of the mining company’s stock valued at $111,000 after buying an additional 3,276 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in Buenaventura Mining by 10.2% in the third quarter. Public Employees Retirement System of Ohio now owns 8,615 shares of the mining company’s stock valued at $210,000 after buying an additional 800 shares in the last quarter. Finally, Beverly Hills Private Wealth LLC purchased a new position in Buenaventura Mining in the third quarter valued at about $218,000.

Buenaventura Mining Trading Down 0.4%

Shares of BVN opened at $32.45 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.01 and a quick ratio of 1.88. The firm has a 50 day simple moving average of $35.85 and a 200-day simple moving average of $31.45. Buenaventura Mining Company Inc. has a 1-year low of $13.69 and a 1-year high of $44.67. The stock has a market cap of $8.23 billion, a price-to-earnings ratio of 8.43 and a beta of 0.32.

Buenaventura Mining (NYSE:BVN) last issued its quarterly earnings data on Wednesday, April 29th. The mining company reported $1.32 earnings per share for the quarter, topping 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 business had revenue of $624.56 million during the quarter, compared to analysts’ expectations of $666.00 million. Equities analysts forecast that Buenaventura Mining Company Inc. will post 4.14 EPS for the current fiscal year.

Buenaventura Mining Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Tuesday, May 12th. Stockholders of record on Tuesday, April 21st will be paid a dividend of $0.9904 per share. The ex-dividend date of this dividend is Tuesday, April 21st. Buenaventura Mining’s dividend payout ratio (DPR) is 28.31%.

Analyst Ratings Changes

A number of research analysts have issued reports on BVN shares. Scotiabank increased their target price 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. Wall Street Zen raised shares of Buenaventura Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 28th. Finally, Zacks Research cut shares of Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.