Buenaventura Mining Company Inc. (NYSE:BVN) Stock Holdings Lowered by Rhumbline Advisers

Rhumbline Advisers trimmed its holdings in shares of Buenaventura Mining Company Inc. (NYSE:BVN) by 14.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 75,182 shares of the mining company’s stock after selling 12,596 shares during the period. Rhumbline Advisers’ holdings in Buenaventura Mining were worth $1,175,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in BVN. SBI Securities Co. Ltd. bought a new position in shares of Buenaventura Mining in the fourth quarter valued at $50,000. BNP Paribas Financial Markets grew its holdings in shares of Buenaventura Mining by 1,534.8% in the 4th quarter. BNP Paribas Financial Markets now owns 149,876 shares of the mining company’s stock worth $1,727,000 after acquiring an additional 140,708 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Buenaventura Mining by 16.7% during the fourth quarter. Bank of New York Mellon Corp now owns 197,202 shares of the mining company’s stock worth $2,272,000 after purchasing an additional 28,261 shares during the period. Natixis Advisors LLC purchased a new stake in shares of Buenaventura Mining during the fourth quarter valued at $248,000. Finally, Northern Trust Corp lifted its holdings in shares of Buenaventura Mining by 105.3% during the fourth quarter. Northern Trust Corp now owns 1,235,916 shares of the mining company’s stock valued at $14,238,000 after purchasing an additional 633,793 shares during the last quarter.

Buenaventura Mining Trading Down 0.5%

NYSE BVN opened at $16.54 on Friday. The firm’s 50 day moving average price is $15.20 and its two-hundred day moving average price is $13.93. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.58 and a current ratio of 1.75. Buenaventura Mining Company Inc. has a twelve month low of $11.50 and a twelve month high of $17.73. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of 8.75 and a beta of 0.42.

Buenaventura Mining Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, May 12th. Stockholders of record on Wednesday, April 16th were given a $0.2922 dividend. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, April 16th. This is a boost from Buenaventura Mining’s previous semi-annual dividend of $0.07. Buenaventura Mining’s dividend payout ratio (DPR) is 14.81%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Scotiabank lifted their price target on Buenaventura Mining from $15.00 to $15.50 and gave the stock a “sector perform” rating in a research note on Monday, April 14th. Wall Street Zen upgraded shares of Buenaventura Mining from a “hold” rating to a “buy” rating in a report on Thursday, May 1st.

About Buenaventura Mining

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.