Legal & General Group Plc Decreases Stake in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)

Legal & General Group Plc lowered its stake in shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN - Free Report) by 33.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,098,977 shares of the mining company's stock after selling 563,330 shares during the period. Legal & General Group Plc owned 0.43% of Compañía de Minas Buenaventura S.A.A. worth $12,660,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its position in shares of 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 buying an additional 405,601 shares during the period. Sagil Capital LLP increased 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 during the last quarter. Geode Capital Management LLC raised its position in Compañía de Minas Buenaventura S.A.A. by 4.0% in the fourth quarter. Geode Capital Management LLC now owns 1,002,441 shares of the mining company's stock valued at $11,472,000 after purchasing an additional 38,427 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Compañía de Minas Buenaventura S.A.A. by 5.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 381,561 shares of the mining company's stock valued at $4,396,000 after purchasing an additional 20,000 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Compañía de Minas Buenaventura S.A.A. by 8.0% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 204,046 shares of the mining company's stock worth $2,351,000 after purchasing an additional 15,072 shares during the period.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Scotiabank boosted their price objective 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, April 14th. StockNews.com downgraded shares of Compañía de Minas Buenaventura S.A.A. from a "buy" rating to a "hold" rating in a research note on Monday, February 24th.

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

Compañía de Minas Buenaventura S.A.A. stock traded down $0.08 during midday trading on Tuesday, reaching $14.69. 1,763,281 shares of the stock traded hands, compared to its average volume of 1,177,929. The firm has a market cap of $3.73 billion, a PE ratio of 10.42 and a beta of 0.37. 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 50-day simple moving average of $14.13 and a two-hundred day simple moving average of $13.21. Compañía de Minas Buenaventura S.A.A. has a 12-month low of $11.50 and a 12-month high of $18.84.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The mining company reported $0.13 EPS for the quarter, missing the consensus estimate 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 business had revenue of $299.59 million during the quarter, compared to analysts' expectations of $315.77 million. Research analysts expect that Compañía de Minas Buenaventura S.A.A. will post 1.13 earnings per share for the current fiscal year.

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

The firm also recently declared a semi-annual dividend, which will be paid on Monday, May 12th. Shareholders of record on Wednesday, April 16th will be paid a $0.2922 dividend. 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 17.72%.

About Compañía de Minas Buenaventura S.A.A.

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.