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

FIL Ltd boosted its holdings in shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN - Free Report) by 810.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,635,020 shares of the mining company's stock after purchasing an additional 2,345,676 shares during the period. FIL Ltd owned about 1.04% of Compañía de Minas Buenaventura S.A.A. worth $30,355,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BVN. JPMorgan Chase & Co. raised its holdings 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 valued at $23,501,000 after acquiring an additional 1,153,819 shares in the last quarter. Sagil Capital LLP lifted its position in shares of Compañía de Minas Buenaventura S.A.A. by 35.1% in the 4th 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 during the period. Jane Street Group LLC boosted its stake in shares of Compañía de Minas Buenaventura S.A.A. by 35.9% during the 3rd quarter. Jane Street Group LLC now owns 958,956 shares of the mining company's stock valued at $13,272,000 after purchasing an additional 253,421 shares in the last quarter. Royal London Asset Management Ltd. purchased a new position in shares of Compañía de Minas Buenaventura S.A.A. during the fourth quarter valued at about $1,689,000. Finally, KLP Kapitalforvaltning AS bought a new stake in Compañía de Minas Buenaventura S.A.A. during the 4th quarter valued at approximately $1,059,000.

Analyst Upgrades and Downgrades

BVN has been the subject of a number of research analyst reports. StockNews.com cut Compañía de Minas Buenaventura S.A.A. from a "buy" rating to a "hold" rating in a research note on Monday, February 24th. Scotiabank boosted their target price on shares of Compañía de Minas Buenaventura S.A.A. from $15.00 to $15.50 and gave the company a "sector perform" rating in a report on Monday.

Compañía de Minas Buenaventura S.A.A. Stock Up 2.7 %

BVN stock traded up $0.40 on Wednesday, reaching $15.03. 250,614 shares of the company traded hands, compared to its average volume of 1,182,425. The firm has a fifty day simple moving average of $13.98 and a 200-day simple moving average of $13.19. The company has a market cap of $3.81 billion, a P/E ratio of 10.66 and a beta of 0.37. Compañía de Minas Buenaventura S.A.A. has a one year low of $11.50 and a one year high of $18.84. 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 released its earnings results on Thursday, February 20th. The mining company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.07). The company had revenue of $299.59 million during the quarter, compared to analysts' expectations 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%. 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 company also recently disclosed a semi-annual dividend, which will be paid on Monday, May 12th. Investors of record on Wednesday, April 16th will be issued a $0.2922 dividend. This is a positive change from Compañía de Minas Buenaventura S.A.A.'s previous semi-annual dividend of $0.07. This represents a 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. 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.