Resona Asset Management Co. Ltd. Makes New $484,000 Investment in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)

Resona Asset Management Co. Ltd. bought a new position in shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 41,672 shares of the mining company's stock, valued at approximately $484,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of Compañía de Minas Buenaventura S.A.A. by 23.9% in the 4th quarter. JPMorgan Chase & Co. now owns 2,103,645 shares of the mining company's stock worth $24,234,000 after purchasing an additional 405,601 shares during the period. Sagil Capital LLP raised its stake in shares of 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 valued at $19,106,000 after buying an additional 430,960 shares during the period. Geode Capital Management LLC grew its stake in shares of Compañía de Minas Buenaventura S.A.A. by 4.0% during the 4th quarter. Geode Capital Management LLC now owns 1,002,441 shares of the mining company's stock worth $11,472,000 after acquiring an additional 38,427 shares during the period. Jane Street Group LLC increased its holdings in Compañía de Minas Buenaventura S.A.A. by 35.9% in the 3rd quarter. Jane Street Group LLC now owns 958,956 shares of the mining company's stock worth $13,272,000 after acquiring an additional 253,421 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in 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 acquiring an additional 20,000 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BVN shares. StockNews.com lowered 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. Scotiabank lifted 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 research note on Monday.

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

NYSE BVN traded up $0.42 during trading hours on Wednesday, hitting $15.05. The company had a trading volume of 213,908 shares, compared to its average volume of 1,052,847. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.64 and a current ratio of 1.82. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 10.66 and a beta of 0.37. Compañía de Minas Buenaventura S.A.A. has a 52 week low of $11.50 and a 52 week high of $18.84. The firm has a 50 day simple moving average of $13.98 and a 200 day simple moving average of $13.19.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $299.59 million during the quarter, compared to the consensus estimate of $315.77 million. Compañía de Minas Buenaventura S.A.A. had a net margin of 32.40% and a return on equity of 6.15%. Equities research analysts expect 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 firm also recently declared a semi-annual dividend, which will be paid on Monday, May 12th. Stockholders of record on Wednesday, April 16th will be given a dividend of $0.2922 per share. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, April 16th. This is an increase from Compañía de Minas Buenaventura S.A.A.'s previous semi-annual dividend of $0.07. Compañía de Minas Buenaventura S.A.A.'s dividend payout ratio (DPR) is 22.15%.

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.