Bank of Nova Scotia Reduces Holdings in Buenaventura Mining Company Inc. $BVN

Bank of Nova Scotia lessened its position in shares of Buenaventura Mining Company Inc. (NYSE:BVN) by 10.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,470,315 shares of the mining company’s stock after selling 886,305 shares during the quarter. Bank of Nova Scotia owned about 2.94% of Buenaventura Mining worth $122,663,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Buenaventura Mining by 12.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,502,101 shares of the mining company’s stock valued at $85,998,000 after acquiring an additional 591,482 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Buenaventura Mining by 20.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,291,838 shares of the mining company’s stock worth $37,632,000 after acquiring an additional 391,465 shares in the last quarter. Northern Trust Corp grew its holdings in Buenaventura Mining by 32.9% in the first quarter. Northern Trust Corp now owns 1,642,557 shares of the mining company’s stock valued at $25,673,000 after purchasing an additional 406,641 shares during the last quarter. Acadian Asset Management LLC grew its stake in Buenaventura Mining by 14.0% in the 1st quarter. Acadian Asset Management LLC now owns 1,398,194 shares of the mining company’s stock valued at $21,849,000 after acquiring an additional 171,815 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Buenaventura Mining by 2.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,278,411 shares of the mining company’s stock valued at $19,982,000 after purchasing an additional 25,440 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on BVN shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Buenaventura Mining in a research report on Monday, December 1st. Scotiabank cut their target price 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. Wall Street Zen raised shares of Buenaventura Mining from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Finally, Zacks Research downgraded Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $27.00.

Buenaventura Mining Stock Performance

Shares of BVN opened at $25.23 on Monday. Buenaventura Mining Company Inc. has a 12-month low of $11.50 and a 12-month high of $26.97. The business’s fifty day moving average price is $23.86 and its 200 day moving average price is $19.92. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.27 and a quick ratio of 2.05. The stock has a market capitalization of $6.40 billion, a PE ratio of 14.84 and a beta of 0.37.

Buenaventura Mining (NYSE:BVN) last announced its quarterly earnings data on Friday, October 31st. The mining company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.25. The business had revenue of $431.04 million during the quarter, compared to the consensus estimate of $355.57 million. Buenaventura Mining had a net margin of 30.70% and a return on equity of 11.76%. Equities research analysts forecast that Buenaventura Mining Company Inc. will post 1.13 EPS for the current year.

Buenaventura Mining Announces Dividend

The company also recently declared a special dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Wednesday, November 19th will be given a dividend of $0.1446 per share. The ex-dividend date is Wednesday, November 19th. Buenaventura Mining’s dividend payout ratio is currently 24.71%.

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.