Geode Capital Management LLC Acquires 38,427 Shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)

Geode Capital Management LLC boosted its holdings in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,002,441 shares of the mining company’s stock after acquiring an additional 38,427 shares during the quarter. Geode Capital Management LLC owned 0.40% of Compañía de Minas Buenaventura S.A.A. worth $11,472,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in BVN. Sagil Capital LLP raised its stake in Compañía de Minas Buenaventura S.A.A. by 35.1% during the fourth quarter. Sagil Capital LLP now owns 1,658,518 shares of the mining company’s stock worth $19,106,000 after acquiring an additional 430,960 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Compañía de Minas Buenaventura S.A.A. by 23.9% during the 4th quarter. JPMorgan Chase & Co. now owns 2,103,645 shares of the mining company’s stock valued at $24,234,000 after purchasing an additional 405,601 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Compañía de Minas Buenaventura S.A.A. by 8.0% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 204,046 shares of the mining company’s stock valued at $2,351,000 after acquiring an additional 15,072 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Compañía de Minas Buenaventura S.A.A. in the fourth quarter worth $1,059,000. Finally, Sei Investments Co. lifted its position in Compañía de Minas Buenaventura S.A.A. by 9.5% during the 4th quarter. Sei Investments Co. now owns 28,841 shares of the mining company’s stock worth $332,000 after buying an additional 2,500 shares in the last quarter.

Compañía de Minas Buenaventura S.A.A. Trading Down 0.5 %

NYSE BVN opened at $14.69 on Wednesday. Compañía de Minas Buenaventura S.A.A. has a 12 month low of $11.50 and a 12 month high of $18.84. The stock has a 50-day simple moving average of $14.13 and a 200 day simple moving average of $13.21. The company has a current ratio of 1.82, a quick ratio of 1.64 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $3.73 billion, a PE ratio of 10.42 and a beta of 0.37.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last announced its quarterly 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). Compañía de Minas Buenaventura S.A.A. had a net margin of 32.40% and a return on equity of 6.15%. The firm had revenue of $299.59 million during the quarter, compared to analyst estimates of $315.77 million. Research analysts forecast that Compañía de Minas Buenaventura S.A.A. will post 1.13 EPS for the current year.

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

The firm also recently announced a semi-annual dividend, which will be paid on Monday, May 12th. Investors of record on Wednesday, April 16th will be paid a dividend of $0.2922 per share. This represents a yield of 0.5%. This is a boost from Compañía de Minas Buenaventura S.A.A.’s previous semi-annual dividend of $0.07. The ex-dividend date is Wednesday, April 16th. Compañía de Minas Buenaventura S.A.A.’s dividend payout ratio is presently 17.72%.

Analysts Set New Price Targets

BVN has been the topic of several research reports. Scotiabank upped their price objective on Compañía de Minas Buenaventura S.A.A. from $15.00 to $15.50 and gave the stock a “sector perform” rating in a report on Monday, April 14th. 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. 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.