Point Nemo Capital LLC Purchases 41,433 Shares of Buenaventura Mining Company Inc. $BVN

Key Points

• Point Nemo Capital opened a position in Buenaventura Mining, buying 41,433 shares valued at approximately $1.31 million during the third quarter.
• Buenaventura reported quarterly EPS of $0.96, topping the $0.86 analyst consensus, and revenue of $545.33 million versus expectations of $439.69 million.
• The company declared a special dividend of $0.5508 per share; analysts’ consensus rating was “Moderate Buy,” with a $37.25 price target.

Point Nemo Capital LLC purchased a new position in shares of Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 41,433 shares of the mining company's stock, valued at approximately $1,308,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BVN. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Buenaventura Mining during the third quarter worth about $78,000. Asset Management One Co. Ltd. lifted its holdings in shares of Buenaventura Mining by 3.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 25,900 shares of the mining company's stock valued at $818,000 after purchasing an additional 823 shares during the last quarter. U S Global Investors Inc. acquired a new stake in shares of Buenaventura Mining in the 3rd quarter valued at about $3,902,000. Quadrant Capital Group LLC boosted its position in shares of Buenaventura Mining by 7.6% in the 3rd quarter. Quadrant Capital Group LLC now owns 26,640 shares of the mining company's stock valued at $839,000 after purchasing an additional 1,887 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Buenaventura Mining by 0.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,311,426 shares of the mining company's stock valued at $136,155,000 after purchasing an additional 40,110 shares during the period.

Buenaventura Mining Trading Down 1.2%

NYSE BVN opened at $28.00 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.43 and a current ratio of 2.59. The firm has a market cap of $7.10 billion, a PE ratio of 5.93 and a beta of 0.40. Buenaventura Mining Company Inc. has a one year low of $21.68 and a one year high of $44.67. The firm's fifty day moving average is $31.55 and its two-hundred day moving average is $33.72.

Buenaventura Mining (NYSE:BVN - Get Free Report) last announced its earnings results on Thursday, October 29th. The mining company reported $0.96 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.10. Buenaventura Mining had a net margin of 51.78% and a return on equity of 27.60%. The business had revenue of $545.33 million during the quarter, compared to analysts' expectations of $439.69 million. Analysts expect that Buenaventura Mining Company Inc. will post 4.01 earnings per share for the current year.

Buenaventura Mining Announces Dividend

The business also recently declared a special dividend, which will be paid on Wednesday, December 9th. Investors of record on Friday, November 20th will be given a $0.5508 dividend. The ex-dividend date is Friday, November 20th. Buenaventura Mining's payout ratio is 23.09%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BVN. Weiss Ratings restated a "buy (b-)" rating on shares of Buenaventura Mining in a research note on Thursday, October 29th. Wall Street Zen upgraded Buenaventura Mining from a "hold" rating to a "buy" rating in a research note on Saturday, October 10th. Scotiabank reduced their price objective on Buenaventura Mining from $44.00 to $40.00 and set a "sector perform" rating for the company in a research note on Tuesday, July 14th. Finally, Zacks Research raised Buenaventura Mining from a "strong sell" rating to a "hold" rating in a report on Tuesday, October 13th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.25.

Buenaventura Mining Company Profile

Compañía de Minas Buenaventura SAA., known as Buenaventura, is a Peru-based mining company engaged in the exploration, development, and operation of mineral properties. Its products include gold, silver, copper, lead, and zinc.

The company operates in Peru and participates in mining projects through subsidiaries, joint ventures, and ownership interests. Its portfolio has included both precious- and base-metal operations, as well as interests in larger mining ventures.

Founded in 1953, Buenaventura is headquartered in Lima.

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