Tower Research Capital LLC TRC Lowers Holdings in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)

Tower Research Capital LLC TRC cut its position in shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) by 88.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,793 shares of the mining company’s stock after selling 13,986 shares during the period. Tower Research Capital LLC TRC’s holdings in Compañía de Minas Buenaventura S.A.A. were worth $27,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Fifth Third Bancorp purchased a new stake in shares of Compañía de Minas Buenaventura S.A.A. in the 4th quarter worth approximately $46,000. GAMMA Investing LLC bought a new position in Compañía de Minas Buenaventura S.A.A. in the fourth quarter worth approximately $58,000. Barclays PLC lifted its holdings in Compañía de Minas Buenaventura S.A.A. by 24,960.6% during the third quarter. Barclays PLC now owns 8,270 shares of the mining company’s stock worth $70,000 after buying an additional 8,237 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in Compañía de Minas Buenaventura S.A.A. by 15.5% during the third quarter. Sequoia Financial Advisors LLC now owns 12,033 shares of the mining company’s stock worth $103,000 after buying an additional 1,612 shares during the period. Finally, Blue Trust Inc. boosted its position in Compañía de Minas Buenaventura S.A.A. by 249.1% during the 4th quarter. Blue Trust Inc. now owns 8,081 shares of the mining company’s stock valued at $123,000 after acquiring an additional 5,766 shares in the last quarter.

Compañía de Minas Buenaventura S.A.A. Stock Up 1.0 %

Compañía de Minas Buenaventura S.A.A. stock traded up $0.17 during midday trading on Friday, reaching $16.88. The company’s stock had a trading volume of 602,431 shares, compared to its average volume of 1,382,458. The company has a current ratio of 1.32, a quick ratio of 1.14 and a debt-to-equity ratio of 0.21. The stock’s 50-day simple moving average is $16.30 and its 200-day simple moving average is $13.60. Compañía de Minas Buenaventura S.A.A. has a 52-week low of $6.45 and a 52-week high of $17.86.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last announced its quarterly earnings data on Monday, April 29th. The mining company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.11 by $0.13. The firm had revenue of $246.80 million during the quarter, compared to analyst estimates of $171.25 million. Compañía de Minas Buenaventura S.A.A. had a net margin of 1.91% and a return on equity of 0.76%. As a group, equities analysts anticipate that Compañía de Minas Buenaventura S.A.A. will post 1 EPS for the current fiscal year.

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

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 18th will be paid a dividend of $0.0726 per share. The ex-dividend date of this dividend is Wednesday, April 17th. This represents a dividend yield of 0.5%. Compañía de Minas Buenaventura S.A.A.’s payout ratio is currently 116.69%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Scotiabank upped their price objective on Compañía de Minas Buenaventura S.A.A. from $13.00 to $15.00 and gave the stock a “sector underperform” rating in a research note on Wednesday. StockNews.com raised shares of Compañía de Minas Buenaventura S.A.A. from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Morgan Stanley downgraded shares of Compañía de Minas Buenaventura S.A.A. from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 12th.

Compañía de Minas Buenaventura S.A.A. 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.