Buenaventura Mining Company Inc. $BVN Shares Acquired by Legal & General Group Plc

Legal & General Group Plc grew its stake in Buenaventura Mining Company Inc. (NYSE:BVN) by 7.8% during the 4th quarter, Holdings Channel reports. The firm owned 1,124,964 shares of the mining company’s stock after purchasing an additional 81,344 shares during the quarter. Legal & General Group Plc’s holdings in Buenaventura Mining were worth $31,308,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Swedbank AB grew its position in shares of Buenaventura Mining by 44.9% in the fourth quarter. Swedbank AB now owns 53,900 shares of the mining company’s stock valued at $1,500,000 after purchasing an additional 16,700 shares during the period. Global Retirement Partners LLC grew its position in shares of Buenaventura Mining by 3,503.4% in the fourth quarter. Global Retirement Partners LLC now owns 4,216 shares of the mining company’s stock valued at $117,000 after purchasing an additional 4,099 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Buenaventura Mining by 56.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,445 shares of the mining company’s stock valued at $346,000 after purchasing an additional 4,480 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Buenaventura Mining by 3,096,894.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,884,290 shares of the mining company’s stock valued at $163,760,000 after purchasing an additional 5,884,100 shares during the period. Finally, Swiss Life Asset Management Ltd grew its position in shares of Buenaventura Mining by 42.9% in the fourth quarter. Swiss Life Asset Management Ltd now owns 24,229 shares of the mining company’s stock valued at $674,000 after purchasing an additional 7,275 shares during the period.

Buenaventura Mining Stock Performance

BVN opened at $36.94 on Friday. The firm has a market capitalization of $9.37 billion, a PE ratio of 9.59 and a beta of 0.32. Buenaventura Mining Company Inc. has a twelve month low of $14.80 and a twelve month high of $44.67. The firm’s 50-day moving average price is $34.55 and its 200 day moving average price is $33.02. 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 issued 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. 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 for the quarter, compared to the consensus estimate of $666.00 million. As a group, sell-side analysts expect that Buenaventura Mining Company Inc. will post 4.31 EPS for the current fiscal year.

Buenaventura Mining Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on BVN shares. 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. Scotiabank boosted 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. Weiss Ratings lowered shares of Buenaventura Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Finally, Zacks Research lowered shares of Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average 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.