18,000 Shares in Buenaventura Mining Company Inc. $BVN Bought by Vestcor Inc

Vestcor Inc acquired a new position in Buenaventura Mining Company Inc. (NYSE:BVN) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 18,000 shares of the mining company’s stock, valued at approximately $501,000.

Other large investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of Buenaventura Mining in the second quarter worth $32,000. Headlands Technologies LLC grew its holdings in Buenaventura Mining by 60.9% during the second quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company’s stock valued at $62,000 after purchasing an additional 1,424 shares during the period. Assetmark Inc. grew its holdings in Buenaventura Mining by 463.4% during the fourth quarter. Assetmark Inc. now owns 3,983 shares of the mining company’s stock valued at $111,000 after purchasing an additional 3,276 shares during the period. Global Retirement Partners LLC grew its holdings in Buenaventura Mining by 3,503.4% during the fourth quarter. Global Retirement Partners LLC now owns 4,216 shares of the mining company’s stock valued at $117,000 after purchasing an additional 4,099 shares during the period. Finally, Ballentine Partners LLC bought a new stake in Buenaventura Mining during the fourth quarter valued at about $210,000.

Buenaventura Mining Price Performance

Shares of Buenaventura Mining stock opened at $30.99 on Wednesday. The stock’s 50-day simple moving average is $34.64 and its 200-day simple moving average is $33.54. Buenaventura Mining Company Inc. has a 52 week low of $15.62 and a 52 week high of $44.67. The company has a market capitalization of $7.86 billion, a price-to-earnings ratio of 8.05 and a beta of 0.36. The company has a quick ratio of 1.88, a current ratio of 2.01 and a debt-to-equity ratio of 0.16.

Buenaventura Mining (NYSE:BVN) last posted its earnings results on Thursday, April 30th. The mining company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.23. The company had revenue of $624.56 million for the quarter, compared to the consensus estimate of $666.00 million. Buenaventura Mining had a return on equity of 24.89% and a net margin of 47.72%. As a group, analysts expect that Buenaventura Mining Company Inc. will post 4.31 earnings per share for the current fiscal 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 was Tuesday, April 21st. Buenaventura Mining’s payout ratio is currently 28.31%.

Analyst Ratings Changes

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

About Buenaventura Mining

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.