Buenaventura Mining Company Inc. $BVN Stake Increased by Candriam S.C.A.

Candriam S.C.A. raised its position in shares of Buenaventura Mining Company Inc. (NYSE:BVN) by 40.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 290,400 shares of the mining company’s stock after purchasing an additional 83,600 shares during the quarter. Candriam S.C.A.’s holdings in Buenaventura Mining were worth $9,204,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Centrica Wealth Management LLC acquired a new position in shares of Buenaventura Mining in the 2nd quarter worth approximately $131,547,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of Buenaventura Mining by 0.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,311,426 shares of the mining company’s stock valued at $136,155,000 after purchasing an additional 40,110 shares during the last quarter. Bank of Nova Scotia increased its position in shares of Buenaventura Mining by 83.0% during the first quarter. Bank of Nova Scotia now owns 2,520,383 shares of the mining company’s stock worth $90,835,000 after buying an additional 1,143,072 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Buenaventura Mining by 32.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,301,015 shares of the mining company’s stock worth $82,929,000 after buying an additional 558,186 shares during the period. Finally, Jennison Associates LLC increased its position in shares of Buenaventura Mining by 140.8% during the first quarter. Jennison Associates LLC now owns 1,267,998 shares of the mining company’s stock worth $45,699,000 after buying an additional 741,344 shares during the period.

Analyst Ratings Changes

Several equities analysts recently issued reports on BVN shares. Wall Street Zen upgraded shares of Buenaventura Mining from a “hold” rating to a “buy” rating in a report on Saturday, October 10th. Zacks Research raised Buenaventura Mining from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 13th. Weiss Ratings reissued a “buy (b-)” rating on shares of Buenaventura Mining in a research note on Thursday, October 29th. Finally, Scotiabank cut their target price on Buenaventura Mining from $44.00 to $40.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 14th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $37.25.

Buenaventura Mining Stock Performance

Shares of BVN stock opened at $28.87 on Tuesday. The company has a market cap of $7.32 billion, a price-to-earnings ratio of 6.12 and a beta of 0.40. Buenaventura Mining Company Inc. has a 52 week low of $22.43 and a 52 week high of $44.67. The company has a quick ratio of 2.43, a current ratio of 2.59 and a debt-to-equity ratio of 0.15. The firm has a 50 day moving average of $31.42 and a 200-day moving average of $33.68.

Buenaventura Mining (NYSE:BVN) last released its earnings results on Thursday, October 29th. The mining company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.10. The company had revenue of $545.33 million for the quarter, compared to the consensus estimate of $439.69 million. Buenaventura Mining had a net margin of 51.78% and a return on equity of 27.60%. On average, equities analysts forecast that Buenaventura Mining Company Inc. will post 4.01 earnings per share for the current year.

Buenaventura Mining Dividend Announcement

The business also recently declared a special dividend, which will be paid on Wednesday, December 9th. Shareholders of record on Friday, November 20th will be paid a $0.5508 dividend. The ex-dividend date of this dividend is Friday, November 20th. Buenaventura Mining’s payout ratio is 23.09%.

About Buenaventura Mining

Compañía de Minas Buenaventura SAA., known as Buenaventura, is a Peru-based mining company engaged in the exploration, development, and operation of mineral properties. Its products include gold, silver, copper, lead, and zinc.

The company operates in Peru and participates in mining projects through subsidiaries, joint ventures, and ownership interests. Its portfolio has included both precious- and base-metal operations, as well as interests in larger mining ventures.

Founded in 1953, Buenaventura is headquartered in Lima.