Artisan Partners Limited Partnership Grows Position in Buenaventura Mining Company Inc. $BVN

Artisan Partners Limited Partnership lifted its holdings in Buenaventura Mining Company Inc. (NYSE:BVN) by 69.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,217,376 shares of the mining company’s stock after buying an additional 498,585 shares during the quarter. Artisan Partners Limited Partnership owned approximately 0.48% of Buenaventura Mining worth $19,989,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp increased its position in shares of Buenaventura Mining by 19.0% during the first quarter. Bank of New York Mellon Corp now owns 234,684 shares of the mining company’s stock valued at $3,668,000 after acquiring an additional 37,482 shares in the last quarter. Cerity Partners LLC bought a new stake in shares of Buenaventura Mining during the 1st quarter valued at $185,000. Cetera Investment Advisers bought a new position in shares of Buenaventura Mining in the first quarter worth about $157,000. Moneda S.A. Administradora General de Fondos bought a new position in shares of Buenaventura Mining in the first quarter worth approximately $1,292,000. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in Buenaventura Mining by 35.3% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 72,100 shares of the mining company’s stock worth $1,127,000 after buying an additional 18,800 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Buenaventura Mining in a research report on Wednesday. Scotiabank dropped their price target on shares of Buenaventura Mining from $27.50 to $27.00 and set a “sector perform” rating for the company in a research note on Wednesday. Zacks Research lowered Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, Wall Street Zen raised shares of Buenaventura Mining from a “hold” rating to a “buy” rating in a research note 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 MarketBeat, the company presently has an average rating of “Hold” and an average target price of $27.00.

Buenaventura Mining Stock Performance

Shares of BVN stock opened at $22.99 on Friday. The company has a market capitalization of $5.83 billion, a P/E ratio of 11.67 and a beta of 0.26. The business’s 50 day moving average is $23.22 and its two-hundred day moving average is $19.16. 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 12-month low of $11.50 and a 12-month high of $26.97.

Buenaventura Mining (NYSE:BVN) last posted its quarterly earnings data on Thursday, October 30th. The mining company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.25. Buenaventura Mining had a net margin of 38.38% and a return on equity of 9.47%. The company had revenue of $431.00 million during 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 firm also recently announced 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 presently 24.12%.

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.