FIL Ltd Purchases 2,345,676 Shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)

FIL Ltd lifted its holdings in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) by 810.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,635,020 shares of the mining company’s stock after acquiring an additional 2,345,676 shares during the quarter. FIL Ltd’s holdings in Compañía de Minas Buenaventura S.A.A. were worth $30,355,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in Compañía de Minas Buenaventura S.A.A. in the 4th quarter valued at $50,000. Mirae Asset Global Investments Co. Ltd. increased 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 valued at $58,000 after buying an additional 1,389 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Compañía de Minas Buenaventura S.A.A. in the fourth quarter valued at about $63,000. R Squared Ltd acquired a new position in Compañía de Minas Buenaventura S.A.A. during the 4th quarter worth about $74,000. Finally, GAMMA Investing LLC lifted its position in shares of Compañía de Minas Buenaventura S.A.A. by 64.8% during the fourth 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 in the last quarter.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Compañía de Minas Buenaventura S.A.A. from a “buy” rating to a “hold” rating in a research report on Monday, February 24th.

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

Compañía de Minas Buenaventura S.A.A. stock opened at $14.07 on Friday. The business’s 50-day simple moving average is $13.88 and its 200 day simple moving average is $13.17. The company has a quick ratio of 1.64, a current ratio of 1.82 and a debt-to-equity ratio of 0.07. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 9.98 and a beta of 0.37. Compañía de Minas Buenaventura S.A.A. has a 12-month low of $11.50 and a 12-month high of $18.84.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last announced its quarterly earnings data on Thursday, February 20th. The mining company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.07). Compañía de Minas Buenaventura S.A.A. had a net margin of 32.40% and a return on equity of 6.15%. The business had revenue of $299.59 million during the quarter, compared to analyst estimates of $315.77 million. As a group, research analysts anticipate 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 given a dividend of $0.2922 per share. This is a positive change from Compañía de Minas Buenaventura S.A.A.’s previous semi-annual dividend of $0.07. This represents a dividend yield of 0.5%. The ex-dividend date is Wednesday, April 16th. Compañía de Minas Buenaventura S.A.A.’s payout ratio is presently 22.15%.

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.