Banco BTG Pactual S.A. Buys 15,500 Shares of Buenaventura Mining Company Inc. $BVN

Banco BTG Pactual S.A. lifted its holdings in Buenaventura Mining Company Inc. (NYSE:BVN) by 76.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 35,900 shares of the mining company’s stock after acquiring an additional 15,500 shares during the quarter. Banco BTG Pactual S.A.’s holdings in Buenaventura Mining were worth $999,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Savant Capital LLC lifted its position in shares of Buenaventura Mining by 6.0% in the 4th quarter. Savant Capital LLC now owns 12,585 shares of the mining company’s stock worth $350,000 after purchasing an additional 712 shares during the period. Personal CFO Solutions LLC lifted its position in shares of Buenaventura Mining by 5.6% in the 4th quarter. Personal CFO Solutions LLC now owns 13,443 shares of the mining company’s stock worth $374,000 after purchasing an additional 717 shares during the period. Public Employees Retirement System of Ohio lifted its position in shares of Buenaventura Mining by 10.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 8,615 shares of the mining company’s stock worth $210,000 after purchasing an additional 800 shares during the period. Lester Murray Antman dba SimplyRich lifted its position in shares of Buenaventura Mining by 1.8% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 45,728 shares of the mining company’s stock worth $1,272,000 after purchasing an additional 801 shares during the period. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its position in shares of Buenaventura Mining by 14.9% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 10,800 shares of the mining company’s stock worth $263,000 after purchasing an additional 1,400 shares during the period.

Buenaventura Mining Trading Up 7.2%

NYSE:BVN opened at $32.88 on Friday. Buenaventura Mining Company Inc. has a 52 week low of $15.62 and a 52 week high of $44.67. The firm has a 50 day moving average of $34.51 and a 200 day moving average of $33.67. The company has a quick ratio of 1.88, a current ratio of 2.01 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $8.34 billion, a price-to-earnings ratio of 8.54 and a beta of 0.36.

Buenaventura Mining (NYSE:BVN) last posted its earnings results on Thursday, April 30th. The mining company reported $1.32 EPS 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. As a group, sell-side analysts anticipate that Buenaventura Mining Company Inc. will post 4.31 earnings per share for the current fiscal year.

Buenaventura Mining Announces Dividend

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

Wall Street Analyst Weigh In

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