Harvest Fund Management Co. Ltd grew its holdings in shares of Buenaventura Mining Company Inc. (NYSE:BVN – Free Report) by 4,415.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,906 shares of the mining company’s stock after purchasing an additional 27,288 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Buenaventura Mining were worth $776,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in Buenaventura Mining during the 2nd quarter valued at approximately $32,000. Headlands Technologies LLC raised its stake in Buenaventura Mining by 60.9% during the 2nd quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company’s stock valued at $62,000 after purchasing an additional 1,424 shares during the period. Assetmark Inc. raised its stake in Buenaventura Mining by 463.4% during the 4th quarter. Assetmark Inc. now owns 3,983 shares of the mining company’s stock valued at $111,000 after purchasing an additional 3,276 shares during the period. Global Retirement Partners LLC raised its stake in Buenaventura Mining by 3,503.4% during the 4th 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. Finally, Public Employees Retirement System of Ohio raised its stake in Buenaventura Mining by 10.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 8,615 shares of the mining company’s stock valued at $210,000 after purchasing an additional 800 shares during the period.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on BVN shares. Zacks Research downgraded Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Weiss Ratings downgraded Buenaventura Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Wall Street Zen raised Buenaventura Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 28th. Finally, Scotiabank lifted their target price on Buenaventura Mining from $42.00 to $44.00 and gave the stock a “sector perform” rating in a report on Monday, March 2nd. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Buenaventura Mining presently has an average rating of “Hold” and a consensus target price of $44.00.
Buenaventura Mining Price Performance
BVN opened at $30.19 on Friday. The business has a fifty day moving average of $34.74 and a 200 day moving average of $33.37. Buenaventura Mining Company Inc. has a 52-week low of $15.62 and a 52-week high of $44.67. The company has a quick ratio of 1.88, a current ratio of 2.01 and a debt-to-equity ratio of 0.16. The stock has a market cap of $7.66 billion, a P/E ratio of 7.84 and a beta of 0.36.
Buenaventura Mining (NYSE:BVN – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The mining company reported $1.32 earnings per share (EPS) for the quarter, beating 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 company had revenue of $624.56 million during the quarter, compared to analysts’ expectations of $666.00 million. As a group, sell-side analysts anticipate that Buenaventura Mining Company Inc. will post 4.31 EPS for the current 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 issued a $0.9904 dividend. The ex-dividend date was Tuesday, April 21st. Buenaventura Mining’s dividend payout ratio is currently 28.31%.
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.
Featured Stories
- Five stocks we like better than Buenaventura Mining
- AI Server Earnings: Wall Street Sees One Clear Standout
- Navitas: NVIDIA’s AI Power Broker?
- A Lulu of a Miss Sends Lululemon to New Lows—Look Out Below
- NVIDIA’s New Power Play: Why Fluence Is Surging
Want to see what other hedge funds are holding BVN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Buenaventura Mining Company Inc. (NYSE:BVN – Free Report).
Receive News & Ratings for Buenaventura Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Buenaventura Mining and related companies with MarketBeat.com's FREE daily email newsletter.
