499,346 Shares in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Acquired by Moore Capital Management LP

Moore Capital Management LP bought a new position in shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 499,346 shares of the mining company’s stock, valued at approximately $5,752,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC raised its holdings in Compañía de Minas Buenaventura S.A.A. by 8.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 10,977 shares of the mining company’s stock worth $126,000 after purchasing an additional 867 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Compañía de Minas Buenaventura S.A.A. by 41.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,752 shares of the mining company’s stock valued at $58,000 after buying an additional 1,389 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Compañía de Minas Buenaventura S.A.A. by 7.7% in the fourth quarter. SG Americas Securities LLC now owns 21,600 shares of the mining company’s stock valued at $249,000 after buying an additional 1,543 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Compañía de Minas Buenaventura S.A.A. by 13.0% in the fourth quarter. Quadrant Capital Group LLC now owns 15,217 shares of the mining company’s stock valued at $175,000 after buying an additional 1,749 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Compañía de Minas Buenaventura S.A.A. by 9.5% in the fourth quarter. Sei Investments Co. now owns 28,841 shares of the mining company’s stock valued at $332,000 after buying an additional 2,500 shares in the last quarter.

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

BVN opened at $14.27 on Tuesday. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 10.12 and a beta of 0.42. Compañía de Minas Buenaventura S.A.A. has a 1 year low of $11.50 and a 1 year high of $18.84. 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 stock has a fifty day moving average price of $14.56 and a 200 day moving average price of $13.31.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last released its quarterly earnings data on Thursday, February 20th. The mining company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). The firm had revenue of $299.59 million for the quarter, compared to analyst estimates 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%. Analysts forecast that Compañía de Minas Buenaventura S.A.A. will post 1.13 EPS for the current fiscal year.

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

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, May 12th. Investors of record on Wednesday, April 16th were issued a $0.2922 dividend. The ex-dividend date of this dividend was Wednesday, April 16th. This is a boost from Compañía de Minas Buenaventura S.A.A.’s previous semi-annual dividend of $0.07. This represents a yield of 0.5%. Compañía de Minas Buenaventura S.A.A.’s dividend payout ratio is currently 14.81%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on BVN shares. StockNews.com raised Compañía de Minas Buenaventura S.A.A. from a “hold” rating to a “buy” rating in a report on Thursday, May 1st. Scotiabank upped their price target on 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.

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.