RFG Advisory LLC Trims Holdings in Buenaventura Mining Company Inc. $BVN

RFG Advisory LLC decreased its holdings in Buenaventura Mining Company Inc. (NYSE:BVN) by 44.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 45,097 shares of the mining company’s stock after selling 36,582 shares during the quarter. RFG Advisory LLC’s holdings in Buenaventura Mining were worth $1,255,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of BVN. Robeco Institutional Asset Management B.V. increased its stake in 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 worth $82,927,000 after purchasing an additional 2,624,485 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Buenaventura Mining by 38.5% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,196,976 shares of the mining company’s stock worth $175,102,000 after purchasing an additional 1,999,475 shares during the period. Sprott Inc. purchased a new stake in Buenaventura Mining in the third quarter worth $25,647,000. American Century Companies Inc. increased its stake in Buenaventura Mining by 146.5% in the third quarter. American Century Companies Inc. now owns 1,737,984 shares of the mining company’s stock worth $42,285,000 after purchasing an additional 1,033,045 shares during the period. Finally, Invesco Ltd. increased its stake in Buenaventura Mining by 2,318.6% in the second quarter. Invesco Ltd. now owns 633,036 shares of the mining company’s stock worth $10,394,000 after purchasing an additional 606,862 shares during the period.

Buenaventura Mining Price Performance

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

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

Buenaventura Mining Announces Dividend

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

Analyst Ratings Changes

A number of research firms have weighed in on BVN. Scotiabank increased their target price on Buenaventura Mining from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Monday, March 2nd. Wall Street Zen upgraded Buenaventura Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 28th. Weiss Ratings downgraded Buenaventura Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. Finally, Zacks Research downgraded 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 stock. Based on data from MarketBeat.com, the company has a consensus 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.