First Trust Direct Indexing L.P. Sells 5,414 Shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)

First Trust Direct Indexing L.P. reduced its stake in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) by 23.3% in the 4th quarter, HoldingsChannel reports. The firm owned 17,840 shares of the mining company’s stock after selling 5,414 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Compañía de Minas Buenaventura S.A.A. were worth $272,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp increased its holdings in shares of Compañía de Minas Buenaventura S.A.A. by 6.6% during the fourth quarter. Van ECK Associates Corp now owns 27,152,986 shares of the mining company’s stock valued at $413,812,000 after acquiring an additional 1,685,253 shares in the last quarter. Citigroup Inc. increased its position in shares of Compañía de Minas Buenaventura S.A.A. by 9.8% during the third quarter. Citigroup Inc. now owns 12,193,046 shares of the mining company’s stock worth $103,885,000 after acquiring an additional 1,083,419 shares in the last quarter. American Century Companies Inc. lifted its position in Compañía de Minas Buenaventura S.A.A. by 219.0% in the 3rd quarter. American Century Companies Inc. now owns 1,284,784 shares of the mining company’s stock valued at $10,946,000 after acquiring an additional 881,969 shares in the last quarter. HAP Trading LLC boosted its stake in Compañía de Minas Buenaventura S.A.A. by 105.3% during the 3rd quarter. HAP Trading LLC now owns 29,662 shares of the mining company’s stock valued at $253,000 after purchasing an additional 584,400 shares during the last quarter. Finally, Westwood Global Investments LLC increased its holdings in Compañía de Minas Buenaventura S.A.A. by 2.7% during the 3rd quarter. Westwood Global Investments LLC now owns 13,759,968 shares of the mining company’s stock worth $117,235,000 after purchasing an additional 360,516 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on BVN shares. StockNews.com raised Compañía de Minas Buenaventura S.A.A. from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Scotiabank increased their target price on shares of Compañía de Minas Buenaventura S.A.A. from $13.00 to $15.00 and gave the company a “sector underperform” rating in a report on Wednesday, May 1st. Finally, Morgan Stanley cut shares of Compañía de Minas Buenaventura S.A.A. from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 12th.

Compañía de Minas Buenaventura S.A.A. Trading Up 0.2 %

Shares of NYSE:BVN opened at $17.23 on Wednesday. Compañía de Minas Buenaventura S.A.A. has a 1 year low of $6.45 and a 1 year high of $17.86. The business has a fifty day moving average price of $16.37 and a two-hundred day moving average price of $13.80. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.14 and a current ratio of 1.32.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last posted its quarterly earnings results on Monday, April 29th. The mining company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.13. The company had revenue of $246.80 million during the quarter, compared to analyst estimates of $171.25 million. Compañía de Minas Buenaventura S.A.A. had a net margin of 1.91% and a return on equity of 0.76%. Sell-side analysts anticipate that Compañía de Minas Buenaventura S.A.A. will post 1 EPS for the current year.

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

The business also recently declared a semi-annual dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, April 18th will be issued a $0.0726 dividend. The ex-dividend date is Wednesday, April 17th. This represents a dividend yield of 0.5%. Compañía de Minas Buenaventura S.A.A.’s dividend payout ratio (DPR) is presently 116.69%.

Compañía de Minas Buenaventura S.A.A. 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.