Bank of Montreal Can Has $929,000 Stock Position in Buenaventura Mining Company Inc. $BVN

Bank of Montreal Can reduced its position in Buenaventura Mining Company Inc. (NYSE:BVN) by 3.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,594 shares of the mining company’s stock after selling 2,168 shares during the period. Bank of Montreal Can’s holdings in Buenaventura Mining were worth $929,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in Buenaventura Mining by 19.0% in the 1st quarter. Bank of New York Mellon Corp now owns 234,684 shares of the mining company’s stock worth $3,668,000 after purchasing an additional 37,482 shares during the period. Cerity Partners LLC purchased a new position in Buenaventura Mining during the 1st quarter valued at about $185,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Buenaventura Mining in the 1st quarter valued at about $36,000. Cetera Investment Advisers acquired a new position in shares of Buenaventura Mining in the 1st quarter valued at about $157,000. Finally, Moneda S.A. Administradora General de Fondos purchased a new stake in shares of Buenaventura Mining in the first quarter worth approximately $1,292,000.

Buenaventura Mining Stock Up 0.1%

Buenaventura Mining stock opened at $23.62 on Friday. The company has a current ratio of 2.54, a quick ratio of 2.31 and a debt-to-equity ratio of 0.23. Buenaventura Mining Company Inc. has a 1-year low of $11.50 and a 1-year high of $26.97. The firm’s fifty day simple moving average is $22.90 and its 200-day simple moving average is $18.89. The company has a market capitalization of $5.99 billion, a P/E ratio of 11.99 and a beta of 0.26.

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

Buenaventura Mining Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Wednesday, November 19th will be issued a dividend of $0.1446 per share. 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 research analysts recently commented on the stock. Scotiabank boosted their price objective on shares of Buenaventura Mining from $27.00 to $27.50 and gave the company a “sector perform” rating in a research report on Friday, November 7th. Zacks Research lowered shares of Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Buenaventura Mining in a research note on Thursday. Finally, Wall Street Zen upgraded Buenaventura Mining from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $27.50.

About Buenaventura Mining

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.