National Bank of Canada FI Buys 5,031,505 Shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)

National Bank of Canada FI grew its position in shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) by 990.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,539,485 shares of the mining company’s stock after purchasing an additional 5,031,505 shares during the period. National Bank of Canada FI’s holdings in Compañía de Minas Buenaventura S.A.A. were worth $81,430,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in shares of Compañía de Minas Buenaventura S.A.A. in the fourth quarter worth about $174,000. Citigroup Inc. lifted its position in Compañía de Minas Buenaventura S.A.A. by 9.8% in the third quarter. Citigroup Inc. now owns 12,193,046 shares of the mining company’s stock valued at $103,885,000 after purchasing an additional 1,083,419 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Compañía de Minas Buenaventura S.A.A. by 249.1% during the fourth quarter. Blue Trust Inc. now owns 8,081 shares of the mining company’s stock valued at $123,000 after purchasing an additional 5,766 shares during the period. Fox Run Management L.L.C. grew its holdings in shares of Compañía de Minas Buenaventura S.A.A. by 170.8% in the third quarter. Fox Run Management L.L.C. now owns 35,101 shares of the mining company’s stock worth $299,000 after purchasing an additional 22,139 shares during the last quarter. Finally, TSP Capital Management Group LLC increased its stake in shares of Compañía de Minas Buenaventura S.A.A. by 12.8% in the fourth quarter. TSP Capital Management Group LLC now owns 1,300,326 shares of the mining company’s stock worth $19,817,000 after buying an additional 147,900 shares during the period.

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

NYSE BVN traded up $0.17 during trading on Friday, hitting $16.88. The company had a trading volume of 602,431 shares, compared to its average volume of 1,382,458. The company’s fifty day moving average is $16.30 and its 200-day moving average is $13.64. The company has a quick ratio of 1.14, a current ratio of 1.32 and a debt-to-equity ratio of 0.21. Compañía de Minas Buenaventura S.A.A. has a one year low of $6.45 and a one year high of $17.86.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last released its earnings results on Monday, April 29th. The mining company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.13. The company had revenue of $246.80 million during the quarter, compared to analysts’ expectations of $171.25 million. Compañía de Minas Buenaventura S.A.A. had a return on equity of 0.76% and a net margin of 1.91%. Equities research analysts expect that Compañía de Minas Buenaventura S.A.A. will post 1 earnings per share for the current year.

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

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, April 18th will be issued a $0.0726 dividend. This represents a yield of 0.5%. The ex-dividend date is Wednesday, April 17th. Compañía de Minas Buenaventura S.A.A.’s dividend payout ratio (DPR) is presently 116.69%.

Wall Street Analyst Weigh In

BVN has been the topic of a number of recent analyst reports. Morgan Stanley lowered shares of Compañía de Minas Buenaventura S.A.A. from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 12th. StockNews.com upgraded Compañía de Minas Buenaventura S.A.A. from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Scotiabank increased 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 report on Wednesday.

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.