Van ECK Associates Corp Grows Stake in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)

Van ECK Associates Corp lifted its stake in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,152,986 shares of the mining company’s stock after buying an additional 1,685,253 shares during the period. Van ECK Associates Corp’s holdings in Compañía de Minas Buenaventura S.A.A. were worth $413,812,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of BVN. Russell Investments Group Ltd. boosted its holdings in Compañía de Minas Buenaventura S.A.A. by 1,640.8% in the 4th quarter. Russell Investments Group Ltd. now owns 34,329 shares of the mining company’s stock worth $523,000 after acquiring an additional 32,357 shares during the period. GAMMA Investing LLC purchased a new position in shares of Compañía de Minas Buenaventura S.A.A. in the fourth quarter valued at $58,000. International Assets Investment Management LLC acquired a new stake in Compañía de Minas Buenaventura S.A.A. during the 4th quarter valued at $174,000. U S Global Investors Inc. purchased a new stake in Compañía de Minas Buenaventura S.A.A. during the 4th quarter worth $2,923,000. Finally, Fifth Third Bancorp acquired a new position in Compañía de Minas Buenaventura S.A.A. in the 4th quarter worth $46,000.

Compañía de Minas Buenaventura S.A.A. Stock Up 2.5 %

BVN stock traded up $0.44 during mid-day trading on Monday, hitting $17.82. 915,399 shares of the company were exchanged, compared to its average volume of 1,524,822. The firm has a fifty day simple moving average of $16.19 and a 200 day simple moving average of $13.44. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.31 and a quick ratio of 1.14. Compañía de Minas Buenaventura S.A.A. has a twelve month low of $6.45 and a twelve month high of $17.86.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last announced its quarterly earnings data on Thursday, February 29th. The mining company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.17). Compañía de Minas Buenaventura S.A.A. had a net margin of 2.41% and a return on equity of 0.84%. The firm had revenue of $253.80 million during the quarter, compared to the consensus estimate of $225.38 million. Equities research analysts expect that Compañía de Minas Buenaventura S.A.A. will post 1 EPS for the current year.

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

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, April 18th will be paid a dividend of $0.0726 per share. This represents a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, April 17th. Compañía de Minas Buenaventura S.A.A.’s dividend payout ratio (DPR) is presently 100.01%.

Analysts Set New Price Targets

BVN has been the subject of several recent analyst reports. Morgan Stanley downgraded Compañía de Minas Buenaventura S.A.A. from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 12th. Scotiabank raised their price objective on Compañía de Minas Buenaventura S.A.A. from $12.50 to $13.00 and gave the company a “sector underperform” rating in a research note on Monday, March 4th.

Compañía de Minas Buenaventura S.A.A. Company 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.