Buenaventura Mining Company Inc. $BVN Shares Bought by UBS Group AG

UBS Group AG grew its stake in Buenaventura Mining Company Inc. (NYSE:BVN) by 36.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 211,698 shares of the mining company’s stock after purchasing an additional 56,252 shares during the period. UBS Group AG’s holdings in Buenaventura Mining were worth $5,892,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in shares of Buenaventura Mining during the 2nd quarter valued at approximately $32,000. Headlands Technologies LLC boosted its holdings in Buenaventura Mining by 60.9% during the second quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company’s stock worth $62,000 after buying an additional 1,424 shares in the last quarter. Assetmark Inc. grew its position in Buenaventura Mining by 463.4% during 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 during the period. 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 $218,000.

Wall Street Analyst Weigh In

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

Buenaventura Mining Stock Up 3.4%

Shares of BVN opened at $33.99 on Thursday. Buenaventura Mining Company Inc. has a 52-week low of $14.56 and a 52-week high of $44.67. 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 fifty day simple moving average of $34.82 and a two-hundred day simple moving average of $32.47. The company has a market capitalization of $8.62 billion, a PE ratio of 8.83 and a beta of 0.32.

Buenaventura Mining (NYSE:BVN) last announced its quarterly earnings results on Thursday, April 30th. The mining company reported $1.32 earnings per share for the quarter, beating 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 firm had revenue of $624.56 million for the quarter, compared to analysts’ expectations of $666.00 million. As a group, equities analysts forecast that Buenaventura Mining Company Inc. will post 4.31 EPS for the current year.

Buenaventura Mining Announces Dividend

The company 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 was Tuesday, April 21st. Buenaventura Mining’s payout ratio is presently 28.05%.

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.