Lazard Asset Management LLC Purchases New Holdings in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)

Lazard Asset Management LLC bought a new position in shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 451,800 shares of the mining company's stock, valued at approximately $5,204,000. Lazard Asset Management LLC owned about 0.18% of Compañía de Minas Buenaventura S.A.A. at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in Compañía de Minas Buenaventura S.A.A. in the fourth quarter worth approximately $50,000. Barclays PLC raised its stake in shares of Compañía de Minas Buenaventura S.A.A. by 37.2% in the third quarter. Barclays PLC now owns 161,288 shares of the mining company's stock valued at $2,232,000 after acquiring an additional 43,692 shares in the last quarter. Bank of New York Mellon Corp raised its position in Compañía de Minas Buenaventura S.A.A. by 16.7% in the 4th quarter. Bank of New York Mellon Corp now owns 197,202 shares of the mining company's stock valued at $2,272,000 after purchasing an additional 28,261 shares in the last quarter. Matthews International Capital Management LLC purchased a new position in shares of Compañía de Minas Buenaventura S.A.A. in the 4th quarter valued at about $290,000. Finally, Natixis Advisors LLC acquired a new position in shares of Compañía de Minas Buenaventura S.A.A. during the fourth quarter worth about $248,000.

Compañía de Minas Buenaventura S.A.A. Stock Up 0.6%

BVN stock traded up $0.08 during trading on Monday, hitting $14.60. 355,837 shares of the company's stock were exchanged, compared to its average volume of 1,162,343. The business has a 50-day moving average price of $14.65 and a two-hundred day moving average price of $13.35. 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 market capitalization of $3.70 billion, a price-to-earnings ratio of 10.35 and a beta of 0.42. Compañía de Minas Buenaventura S.A.A. has a 52-week low of $11.50 and a 52-week high of $18.84.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The mining company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.07). The company had revenue of $299.59 million for the quarter, compared to analysts' expectations of $315.77 million. Compañía de Minas Buenaventura S.A.A. had a return on equity of 6.15% and a net margin of 32.40%. As a group, equities research analysts expect that Compañía de Minas Buenaventura S.A.A. will post 1.13 EPS for the current year.

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

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

Analyst Ratings Changes

BVN has been the topic of several analyst reports. Scotiabank raised their target price on shares of 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. StockNews.com upgraded shares of Compañía de Minas Buenaventura S.A.A. from a "hold" rating to a "buy" rating in a report on Thursday, May 1st.

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.