Northwestern Mutual Wealth Management Co. Raises Position in Buenaventura Mining Company Inc. $BVN

Northwestern Mutual Wealth Management Co. grew its holdings in shares of Buenaventura Mining Company Inc. (NYSE:BVN) by 3,096,894.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,884,290 shares of the mining company’s stock after purchasing an additional 5,884,100 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Buenaventura Mining were worth $163,760,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in BVN. Raymond James Financial Inc. purchased a new position in shares of Buenaventura Mining during the 2nd quarter worth $32,000. Headlands Technologies LLC lifted its stake in shares of Buenaventura Mining by 60.9% during the 2nd quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company’s stock worth $62,000 after purchasing an additional 1,424 shares during the period. Assetmark Inc. lifted its stake in shares of Buenaventura Mining by 463.4% during the 4th quarter. Assetmark Inc. now owns 3,983 shares of the mining company’s stock worth $111,000 after purchasing an additional 3,276 shares during the period. Ballentine Partners LLC purchased a new position in shares of Buenaventura Mining during the 4th quarter worth $210,000. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Buenaventura Mining by 10.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 8,615 shares of the mining company’s stock worth $210,000 after purchasing an additional 800 shares during the period.

Buenaventura Mining Trading Down 7.7%

Shares of BVN opened at $34.28 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.88 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $8.70 billion, a P/E ratio of 8.90 and a beta of 0.32. The stock’s fifty day simple moving average is $35.04 and its 200 day simple moving average is $32.16. Buenaventura Mining Company Inc. has a twelve month low of $14.05 and a twelve month high of $44.67.

Buenaventura Mining (NYSE:BVN) last issued its earnings results on Wednesday, April 29th. The mining company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.23. The business had revenue of $624.56 million for the quarter, compared to analyst estimates of $666.00 million. Buenaventura Mining had a return on equity of 24.89% and a net margin of 47.72%. On average, equities research analysts forecast that Buenaventura Mining Company Inc. will post 4.31 earnings per share for the current year.

Buenaventura Mining Dividend Announcement

The company also recently announced a special dividend, which was paid on Tuesday, May 12th. Investors of record on Tuesday, April 21st were given a $0.9904 dividend. The ex-dividend date of this dividend was Tuesday, April 21st. Buenaventura Mining’s dividend payout ratio (DPR) is 28.31%.

Analyst Ratings Changes

BVN has been the topic of a number of recent analyst reports. Zacks Research lowered Buenaventura Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Weiss Ratings lowered Buenaventura Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Scotiabank increased their price target on Buenaventura Mining from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Monday, March 2nd. Finally, Wall Street Zen raised Buenaventura Mining from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 28th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Buenaventura Mining currently has an average rating of “Hold” and a consensus price target of $44.00.

Buenaventura Mining Profile

Compañía de Minas Buenaventura SAA. (NYSE: BVN) is one of Peru’s leading precious metals producers, primarily engaged in the exploration, development and operation of gold, silver and base metal mines. Headquartered in Lima, the company’s core activities cover the entire mining cycle from concession acquisition and project evaluation to extraction, milling and metal refining. Buenaventura also holds interests in smelting, refining and trading services, enabling it to market its products both domestically and internationally.

The company’s principal assets include several operating mines in Peru such as Uchucchacua (silver-lead-zinc), Orcopampa (gold-silver) and the Tambomayo gold mine.