Aviva PLC Grows Stake in Buenaventura Mining Company Inc. $BVN

Aviva PLC grew its holdings in shares of Buenaventura Mining Company Inc. (NYSE:BVN) by 2.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 118,894 shares of the mining company’s stock after buying an additional 2,717 shares during the period. Aviva PLC’s holdings in Buenaventura Mining were worth $1,952,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new stake in Buenaventura Mining in the second quarter worth $28,000. Brooklyn Investment Group raised its holdings in Buenaventura Mining by 1,363.9% in the 1st quarter. Brooklyn Investment Group now owns 1,947 shares of the mining company’s stock worth $30,000 after purchasing an additional 1,814 shares in the last quarter. Resona Asset Management Co. Ltd. lifted its position in shares of Buenaventura Mining by 4.6% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 43,580 shares of the mining company’s stock worth $680,000 after purchasing an additional 1,908 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Buenaventura Mining during the 1st quarter valued at about $36,000. Finally, Headlands Technologies LLC bought a new stake in shares of Buenaventura Mining during the 1st quarter valued at about $37,000.

Buenaventura Mining Price Performance

Shares of NYSE BVN opened at $23.57 on Thursday. The company has a 50 day simple moving average of $22.75 and a two-hundred day simple moving average of $18.76. Buenaventura Mining Company Inc. has a fifty-two week low of $11.50 and a fifty-two week high of $26.97. The company has a market capitalization of $5.98 billion, a price-to-earnings ratio of 11.96 and a beta of 0.26. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.31 and a current ratio of 2.54.

Buenaventura Mining (NYSE:BVN) last issued its quarterly earnings results on Thursday, October 30th. The mining company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.25. Buenaventura Mining had a return on equity of 9.47% and a net margin of 38.38%.The firm had revenue of $431.00 million for the quarter, compared to analysts’ expectations of $355.57 million. Analysts expect that Buenaventura Mining Company Inc. will post 1.13 EPS for the current fiscal year.

Buenaventura Mining Dividend Announcement

The business also recently announced a special dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Wednesday, November 19th will be paid a $0.1446 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. Buenaventura Mining’s dividend payout ratio is currently 24.12%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Wall Street Zen raised shares of Buenaventura Mining from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Zacks Research lowered Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research report on Monday. Weiss Ratings restated a “buy (b-)” rating on shares of Buenaventura Mining in a research note on Wednesday, October 8th. Finally, Scotiabank upped their price target on Buenaventura Mining from $27.00 to $27.50 and gave the stock a “sector perform” rating in a research note on Friday, November 7th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $27.50.

Buenaventura Mining Company Profile

Compañía de Minas Buenaventura SAA. engages in the exploration, development, construction, and operation of mineral processing business. The company explores for gold, silver, lead, zinc, and copper metals. It operates operating mining units, including Tambomayo located in the Caylloma province, Orcopampa Unit located in the province of Castilla, Uchucchacua located in province of Oyón, Julcani located in province of Angaraes, Peru, as well as San Gabrie located in the province of General Sánchez Cerro, in the Moquegua region.