Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Price Target Raised to $15.50 at Scotiabank

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN - Free Report) had its price objective raised by Scotiabank from $15.00 to $15.50 in a research note released on Monday morning,Benzinga reports. They currently have a sector perform rating on the mining company's stock.

Separately, StockNews.com cut 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.

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

Shares of BVN stock traded down $0.68 during mid-day trading on Monday, hitting $14.32. The company had a trading volume of 609,377 shares, compared to its average volume of 1,177,614. 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. has a 52-week low of $11.50 and a 52-week high of $18.84. The stock's 50 day moving average price is $14.07 and its 200-day moving average price is $13.21. The company has a market capitalization of $3.63 billion, a P/E ratio of 10.15 and a beta of 0.37.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN - Get Free Report) last announced its earnings results on Thursday, February 20th. The mining company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.07). The business had revenue of $299.59 million for the quarter, compared to analysts' expectations 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 forecast 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 declared a semi-annual dividend, which will be paid on Monday, May 12th. Shareholders of record on Wednesday, April 16th will be paid a dividend of $0.2922 per share. This represents a yield of 0.5%. This is a boost from Compañía de Minas Buenaventura S.A.A.'s previous semi-annual dividend of $0.07. The ex-dividend date of this dividend is Wednesday, April 16th. Compañía de Minas Buenaventura S.A.A.'s dividend payout ratio is 22.15%.

Hedge Funds Weigh In On Compañía de Minas Buenaventura S.A.A.

A number of institutional investors and hedge funds have recently modified their holdings of BVN. SBI Securities Co. Ltd. acquired a new stake in shares of Compañía de Minas Buenaventura S.A.A. during the fourth quarter worth about $50,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Compañía de Minas Buenaventura S.A.A. by 41.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,752 shares of the mining company's stock valued at $58,000 after purchasing an additional 1,389 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Compañía de Minas Buenaventura S.A.A. during the 4th quarter worth $63,000. R Squared Ltd purchased a new stake in shares of Compañía de Minas Buenaventura S.A.A. in the fourth quarter valued at about $74,000. Finally, GAMMA Investing LLC grew its holdings in Compañía de Minas Buenaventura S.A.A. by 64.8% during the 4th quarter. GAMMA Investing LLC now owns 9,717 shares of the mining company's stock valued at $112,000 after buying an additional 3,820 shares during the last quarter.

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.