Vestcor Inc Takes Position in Buenaventura Mining Company Inc. $BVN

Vestcor Inc bought a new stake in Buenaventura Mining Company Inc. (NYSE:BVN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 18,000 shares of the mining company’s stock, valued at approximately $501,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 purchasing an additional 1,999,475 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Buenaventura Mining by 3,096,894.7% during 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 buying an additional 5,884,100 shares in the last quarter. Tidal Investments LLC increased its position 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 valued at $76,842,000 after buying an additional 299,822 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in Buenaventura Mining by 738.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,979,757 shares of the mining company’s stock valued at $82,927,000 after buying an additional 2,624,485 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Buenaventura Mining by 146.5% during the 3rd quarter. American Century Companies Inc. now owns 1,737,984 shares of the mining company’s stock valued at $42,285,000 after buying an additional 1,033,045 shares in the last quarter.

Analyst Ratings Changes

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

Buenaventura Mining Stock Up 2.5%

Buenaventura Mining stock opened at $30.99 on Wednesday. The firm has a market cap of $7.86 billion, a price-to-earnings ratio of 8.05 and a beta of 0.36. The stock has a fifty day simple moving average of $34.64 and a two-hundred day simple moving average of $33.54. Buenaventura Mining Company Inc. has a 12 month low of $15.62 and a 12 month high of $44.67. The company has a current ratio of 2.01, a quick ratio of 1.88 and a debt-to-equity ratio of 0.16.

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

Buenaventura Mining Dividend Announcement

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