Buenaventura Mining Company Inc. $BVN Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Buenaventura Mining Company Inc. (NYSE:BVN) by 47.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 192,751 shares of the mining company’s stock after purchasing an additional 62,428 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Buenaventura Mining were worth $5,511,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Buenaventura Mining by 38.5% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,196,976 shares of the mining company’s stock worth $175,102,000 after acquiring an additional 1,999,475 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Buenaventura Mining by 10.5% during the third quarter. Tidal Investments LLC now owns 3,158,341 shares of the mining company’s stock worth $76,842,000 after buying an additional 299,822 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Buenaventura Mining by 738.7% in the fourth 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 purchasing an additional 2,624,485 shares during the period. American Century Companies Inc. increased its stake in Buenaventura Mining by 146.5% in 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 during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Buenaventura Mining by 2.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,278,411 shares of the mining company’s stock worth $19,982,000 after acquiring an additional 25,440 shares during the period.

Wall Street Analysts Forecast Growth

BVN has been the subject of several research analyst reports. Wall Street Zen upgraded 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 lifted their price target on shares of 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 research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $44.00.

Buenaventura Mining Stock Performance

Buenaventura Mining stock opened at $35.40 on Monday. Buenaventura Mining Company Inc. has a 12-month low of $14.00 and a 12-month high of $44.67. 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 company has a market capitalization of $8.98 billion, a price-to-earnings ratio of 9.19 and a beta of 0.32. The firm’s fifty day moving average price is $35.53 and its 200 day moving average price is $31.65.

Buenaventura Mining (NYSE:BVN) last issued its quarterly earnings results on Wednesday, April 29th. The mining company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.23. The firm had revenue of $624.56 million during the quarter, compared to the consensus estimate of $666.00 million. Buenaventura Mining had a return on equity of 24.89% and a net margin of 47.72%. On average, research analysts forecast that Buenaventura Mining Company Inc. will post 4.41 EPS for the current fiscal year.

Buenaventura Mining Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Tuesday, May 12th. Shareholders of record on Tuesday, April 21st will be paid a dividend of $0.9904 per share. The ex-dividend date is Tuesday, April 21st. Buenaventura Mining’s dividend payout ratio is 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.