Oldfield Partners LLP raised its holdings in shares of Compania de Minas Buenaventura SAA (NYSE:BVN) by 0.4% during the first quarter, HoldingsChannel.com reports. The fund owned 4,368,545 shares of the mining company’s stock after purchasing an additional 19,100 shares during the quarter. Compania de Minas Buenaventura SAA comprises about 7.6% of Oldfield Partners LLP’s investment portfolio, making the stock its 6th biggest holding. Oldfield Partners LLP’s holdings in Compania de Minas Buenaventura SAA were worth $75,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Parallel Advisors LLC grew its position in Compania de Minas Buenaventura SAA by 276.3% in the fourth quarter. Parallel Advisors LLC now owns 8,361 shares of the mining company’s stock worth $135,000 after acquiring an additional 6,139 shares in the last quarter. Alta Advisers Ltd purchased a new stake in Compania de Minas Buenaventura SAA during the fourth quarter valued at about $202,000. Townsquare Capital LLC purchased a new stake in Compania de Minas Buenaventura SAA during the fourth quarter valued at about $214,000. Eqis Capital Management Inc. purchased a new stake in Compania de Minas Buenaventura SAA during the fourth quarter valued at about $263,000. Finally, Mackenzie Financial Corp boosted its position in Compania de Minas Buenaventura SAA by 27.9% during the third quarter. Mackenzie Financial Corp now owns 21,271 shares of the mining company’s stock valued at $285,000 after buying an additional 4,635 shares during the period. 60.14% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE BVN traded down $0.10 on Tuesday, reaching $15.47. 86,286 shares of the company’s stock traded hands, compared to its average volume of 1,186,369. Compania de Minas Buenaventura SAA has a 12 month low of $11.67 and a 12 month high of $17.78. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 48.16 and a beta of 0.51. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.57 and a current ratio of 1.91.

Compania de Minas Buenaventura SAA (NYSE:BVN) last posted its quarterly earnings results on Thursday, February 21st. The mining company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.04). Compania de Minas Buenaventura SAA had a negative net margin of 0.68% and a positive return on equity of 2.36%. The firm had revenue of $256.02 million for the quarter, compared to analysts’ expectations of $247.38 million. On average, analysts forecast that Compania de Minas Buenaventura SAA will post 0.64 earnings per share for the current fiscal year.

The company also recently declared a semiannual dividend, which will be paid on Friday, May 10th. Stockholders of record on Monday, April 15th will be issued a dividend of $0.06 per share. This represents a dividend yield of 0.7%. The ex-dividend date is Friday, April 12th. Compania de Minas Buenaventura SAA’s payout ratio is 37.50%.

Several research firms have issued reports on BVN. Zacks Investment Research upgraded shares of Compania de Minas Buenaventura SAA from a “sell” rating to a “hold” rating in a research report on Wednesday, April 17th. Citigroup set a $20.00 price target on shares of Compania de Minas Buenaventura SAA and gave the company a “buy” rating in a research report on Thursday, April 4th. JPMorgan Chase & Co. upped their price objective on shares of Compania de Minas Buenaventura SAA from $14.00 to $18.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Morgan Stanley downgraded shares of Compania de Minas Buenaventura SAA from an “overweight” rating to an “equal weight” rating in a research note on Monday, February 25th. Finally, Goldman Sachs Group began coverage on shares of Compania de Minas Buenaventura SAA in a research note on Tuesday, February 19th. They set a “sell” rating for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $18.00.

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Compania de Minas Buenaventura SAA Company Profile

Compañía de Minas Buenaventura SAA., a precious metals company, engages in the exploration, mining, and processing of gold, silver, lead, zinc, and copper metals in Peru, the United States, Europe, and Asia. The company operates five operating mining units, including Uchucchacua, Orcopampa, Julcani, Mallay, and Tambomayo in Peru; and San Gabriel, a mining unit under development stage.

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Institutional Ownership by Quarter for Compania de Minas Buenaventura SAA (NYSE:BVN)

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