American Century Companies Inc. Acquires 151,918 Shares of Buenaventura Mining Company Inc. $BVN

American Century Companies Inc. boosted its holdings in shares of Buenaventura Mining Company Inc. (NYSE:BVN) by 27.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 704,939 shares of the mining company’s stock after purchasing an additional 151,918 shares during the period. American Century Companies Inc. owned about 0.28% of Buenaventura Mining worth $11,575,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. JPMorgan Chase & Co. increased its stake in shares of Buenaventura Mining by 20.6% during the second quarter. JPMorgan Chase & Co. now owns 2,291,838 shares of the mining company’s stock valued at $37,632,000 after buying an additional 391,465 shares during the period. Artisan Partners Limited Partnership increased its position in Buenaventura Mining by 69.4% during the 2nd quarter. Artisan Partners Limited Partnership now owns 1,217,376 shares of the mining company’s stock valued at $19,989,000 after purchasing an additional 498,585 shares during the period. Candriam S.C.A. raised its holdings in Buenaventura Mining by 170.0% in the 2nd quarter. Candriam S.C.A. now owns 630,000 shares of the mining company’s stock worth $10,345,000 after purchasing an additional 396,681 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Buenaventura Mining by 24.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,210 shares of the mining company’s stock valued at $135,000 after purchasing an additional 1,637 shares in the last quarter. Finally, Aviva PLC increased its position in shares of Buenaventura Mining by 2.3% during the second quarter. Aviva PLC now owns 118,894 shares of the mining company’s stock valued at $1,952,000 after buying an additional 2,717 shares during the period.

Buenaventura Mining Stock Up 0.3%

Shares of Buenaventura Mining stock opened at $25.27 on Friday. The company has a 50-day simple moving average of $23.82 and a two-hundred day simple moving average of $19.78. The stock has a market capitalization of $6.41 billion, a PE ratio of 14.87 and a beta of 0.37. Buenaventura Mining Company Inc. has a 52-week low of $11.50 and a 52-week high of $26.97. 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 posted its quarterly earnings results on Friday, October 31st. The mining company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.25. The firm had revenue of $431.04 million for the quarter, compared to analysts’ expectations of $355.57 million. Buenaventura Mining had a net margin of 30.70% and a return on equity of 11.96%. On average, analysts anticipate 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. Shareholders of record on Wednesday, November 19th will be paid a dividend of $0.1446 per share. The ex-dividend date is Wednesday, November 19th. Buenaventura Mining’s dividend payout ratio (DPR) is currently 24.71%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Zacks Research lowered shares of Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Wall Street Zen raised Buenaventura Mining from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Scotiabank dropped their price target on Buenaventura Mining from $27.50 to $27.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 19th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Buenaventura Mining in a research note on Monday. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $27.00.

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.