Buenaventura Mining Company Inc. $BVN Stock Sold by Alps Advisors Inc.

Alps Advisors Inc. trimmed its holdings in Buenaventura Mining Company Inc. (NYSE:BVN – Free Report) by 22.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 744,037 shares of the mining company’s stock after selling 214,411 shares during the period. Alps Advisors Inc.’s holdings in Buenaventura Mining were worth $23,497,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in Buenaventura Mining in the 3rd quarter worth about $78,000. Asset Management One Co. Ltd. lifted its holdings in shares of Buenaventura Mining by 3.3% in the third quarter. Asset Management One Co. Ltd. now owns 25,900 shares of the mining company’s stock worth $818,000 after buying an additional 823 shares in the last quarter. U S Global Investors Inc. purchased a new position in shares of Buenaventura Mining in the 3rd quarter valued at approximately $3,902,000. Quadrant Capital Group LLC increased its stake in Buenaventura Mining by 7.6% in the 3rd quarter. Quadrant Capital Group LLC now owns 26,640 shares of the mining company’s stock worth $839,000 after buying an additional 1,887 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Buenaventura Mining by 0.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 4,311,426 shares of the mining company’s stock worth $136,155,000 after acquiring an additional 40,110 shares during the period.

Buenaventura Mining Trading Down 1.2%

Shares of Buenaventura Mining stock opened at $28.00 on Friday. Buenaventura Mining Company Inc. has a 12-month low of $21.68 and a 12-month high of $44.67. The firm has a market capitalization of $7.10 billion, a price-to-earnings ratio of 5.93 and a beta of 0.40. The company has a current ratio of 2.59, a quick ratio of 2.43 and a debt-to-equity ratio of 0.15. The firm’s 50 day simple moving average is $31.55 and its two-hundred day simple moving average is $33.72.

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

Buenaventura Mining Dividend Announcement

The firm 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 is Friday, November 20th. Buenaventura Mining’s dividend payout ratio is presently 23.09%.

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Analysis on Buenaventura Mining

Buenaventura Mining Profile

(Free Report)

Compañía de Minas Buenaventura SAA., known as Buenaventura Mining, is a Peru-based mining company engaged in the exploration, development, construction, and operation of mineral projects. Its portfolio includes precious and base metals, with primary exposure to gold, silver, copper, lead, and zinc.

Founded in 1953, Buenaventura operates primarily in Peru. Its activities have included the Uchucchacua, Tambomayo, La Zanja, Coimolache, and El Brocal mining operations, as well as exploration and development projects across the country.

See Also

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Institutional Ownership by Quarter for Buenaventura Mining (NYSE:BVN)

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