Aviva PLC Buys 2,717 Shares of Buenaventura Mining Company Inc. $BVN

Aviva PLC grew its stake in shares of Buenaventura Mining Company Inc. (NYSE:BVN) by 2.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 118,894 shares of the mining company’s stock after buying an additional 2,717 shares during the quarter. Aviva PLC’s holdings in Buenaventura Mining were worth $1,952,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BVN. Caitong International Asset Management Co. Ltd bought a new position in Buenaventura Mining in the second quarter valued at $28,000. Brooklyn Investment Group boosted its holdings in shares of Buenaventura Mining by 1,363.9% in the 1st quarter. Brooklyn Investment Group now owns 1,947 shares of the mining company’s stock worth $30,000 after purchasing an additional 1,814 shares in the last quarter. Resona Asset Management Co. Ltd. increased its position in shares of Buenaventura Mining by 4.6% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 43,580 shares of the mining company’s stock valued at $680,000 after purchasing an additional 1,908 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Buenaventura Mining during the 1st quarter valued at about $36,000. Finally, Headlands Technologies LLC purchased a new position in shares of Buenaventura Mining during the 1st quarter valued at about $37,000.

Buenaventura Mining Stock Performance

Shares of BVN stock opened at $23.57 on Thursday. The company has a market capitalization of $5.98 billion, a P/E ratio of 11.96 and a beta of 0.26. Buenaventura Mining Company Inc. has a fifty-two week low of $11.50 and a fifty-two 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. The stock has a 50 day moving average price of $22.75 and a two-hundred day moving average price of $18.76.

Buenaventura Mining (NYSE:BVN) last issued 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 company had revenue of $431.00 million for the quarter, compared to the consensus estimate of $355.57 million. Analysts expect that Buenaventura Mining Company Inc. will post 1.13 earnings per share for the current year.

Buenaventura Mining Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Wednesday, November 19th will be given a $0.1446 dividend. The ex-dividend date is Wednesday, November 19th. Buenaventura Mining’s payout ratio is presently 24.12%.

Analysts Set New Price Targets

BVN has been the subject of several research reports. Zacks Research lowered Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research note on Monday. Scotiabank boosted their price objective on shares of Buenaventura Mining from $27.00 to $27.50 and gave the stock a “sector perform” rating in a report on Friday, November 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Buenaventura Mining in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Buenaventura Mining from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $27.50.

Buenaventura Mining 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.