Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Stake Decreased by Bank of Nova Scotia

Bank of Nova Scotia lowered its holdings in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN - Free Report) by 18.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,530,346 shares of the mining company's stock after selling 2,332,363 shares during the period. Bank of Nova Scotia owned about 4.15% of Compañía de Minas Buenaventura S.A.A. worth $121,310,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. FIL Ltd grew its holdings in Compañía de Minas Buenaventura S.A.A. by 810.7% during the 4th quarter. FIL Ltd now owns 2,635,020 shares of the mining company's stock worth $30,355,000 after acquiring an additional 2,345,676 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Compañía de Minas Buenaventura S.A.A. by 212.0% during the third quarter. JPMorgan Chase & Co. now owns 1,698,044 shares of the mining company's stock worth $23,501,000 after purchasing an additional 1,153,819 shares during the last quarter. Sagil Capital LLP grew its stake in Compañía de Minas Buenaventura S.A.A. by 35.1% in the fourth quarter. Sagil Capital LLP now owns 1,658,518 shares of the mining company's stock worth $19,106,000 after purchasing an additional 430,960 shares in the last quarter. Jane Street Group LLC increased its holdings in Compañía de Minas Buenaventura S.A.A. by 35.9% in the third quarter. Jane Street Group LLC now owns 958,956 shares of the mining company's stock valued at $13,272,000 after buying an additional 253,421 shares during the last quarter. Finally, Royal London Asset Management Ltd. acquired a new stake in Compañía de Minas Buenaventura S.A.A. during the fourth quarter valued at approximately $1,689,000.

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

Shares of NYSE:BVN traded up $0.82 during trading on Friday, reaching $14.82. 1,195,274 shares of the company's stock traded hands, compared to its average volume of 1,191,075. The stock has a market capitalization of $3.76 billion, a P/E ratio of 10.51 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. The company has a 50 day moving average of $13.91 and a 200-day moving average of $13.17. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.82 and a quick ratio of 1.64.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN - Get Free Report) 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). The company had revenue of $299.59 million for the quarter, compared to analyst estimates of $315.77 million. Compañía de Minas Buenaventura S.A.A. had a return on equity of 6.15% and a net margin of 32.40%. On average, equities analysts expect 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 company also recently declared a semi-annual dividend, which will be paid on Monday, May 12th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.2922 per share. This is an increase from Compañía de Minas Buenaventura S.A.A.'s previous semi-annual dividend of $0.07. The ex-dividend date is Wednesday, April 16th. This represents a dividend yield of 0.5%. Compañía de Minas Buenaventura S.A.A.'s payout ratio is 22.15%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered 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. 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.