Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Trading Up 3.6% – Time to Buy?

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)’s share price traded up 3.6% during trading on Monday . The company traded as high as $14.98 and last traded at $14.82. 55,732 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 1,174,435 shares. The stock had previously closed at $14.30.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on BVN shares. StockNews.com cut shares of Compañía de Minas Buenaventura S.A.A. from a “buy” rating to a “hold” rating in a research note on Monday, February 24th. Scotiabank increased their price target on shares of Compañía de Minas Buenaventura S.A.A. from $15.00 to $15.50 and gave the company a “sector perform” rating in a research report on Monday, April 14th.

Compañía de Minas Buenaventura S.A.A. Stock Performance

The company has a debt-to-equity ratio of 0.07, a current ratio of 1.82 and a quick ratio of 1.64. The firm has a market cap of $3.69 billion, a PE ratio of 10.30 and a beta of 0.37. The stock has a 50-day moving average price of $14.07 and a 200 day moving average price of $13.20.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last issued its earnings results on Thursday, February 20th. The mining company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). The firm had revenue of $299.59 million during the quarter, compared to analyst estimates of $315.77 million. Compañía de Minas Buenaventura S.A.A. had a net margin of 32.40% and a return on equity of 6.15%. Research analysts forecast that Compañía de Minas Buenaventura S.A.A. will post 1.13 earnings per share for the current year.

Compañía de Minas Buenaventura S.A.A. Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Monday, May 12th. Stockholders of record on Wednesday, April 16th will be paid a $0.2922 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a dividend yield of 0.5%. This is a positive change from Compañía de Minas Buenaventura S.A.A.’s previous semi-annual dividend of $0.07. Compañía de Minas Buenaventura S.A.A.’s dividend payout ratio (DPR) is 17.72%.

Hedge Funds Weigh In On Compañía de Minas Buenaventura S.A.A.

Institutional investors and hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new stake in Compañía de Minas Buenaventura S.A.A. during the 4th quarter worth $50,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Compañía de Minas Buenaventura S.A.A. by 41.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,752 shares of the mining company’s stock worth $58,000 after acquiring an additional 1,389 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Compañía de Minas Buenaventura S.A.A. in the fourth quarter valued at about $63,000. R Squared Ltd acquired a new stake in shares of Compañía de Minas Buenaventura S.A.A. during the fourth quarter worth approximately $74,000. Finally, GAMMA Investing LLC increased its position in shares of Compañía de Minas Buenaventura S.A.A. by 64.8% in the 4th quarter. GAMMA Investing LLC now owns 9,717 shares of the mining company’s stock worth $112,000 after purchasing an additional 3,820 shares during the last quarter.

Compañía de Minas Buenaventura S.A.A. 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.