Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Reaches New 52-Week Low - Here's What Happened

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $13.80 and last traded at $14.09, with a volume of 3735134 shares traded. The stock had previously closed at $14.18.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Scotiabank raised their target price on Compañía de Minas Buenaventura S.A.A. from $15.00 to $15.50 and gave the stock a "sector perform" rating in a research note on Monday, April 14th. StockNews.com raised shares of Compañía de Minas Buenaventura S.A.A. from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st.

Compañía de Minas Buenaventura S.A.A. Stock Up 1.9 %

The firm has a market cap of $3.84 billion, a price-to-earnings ratio of 10.74 and a beta of 0.42. The firm has a 50 day moving average price of $14.37 and a 200-day moving average price of $13.27. The company has a current ratio of 1.82, a quick ratio of 1.64 and a debt-to-equity ratio of 0.07.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The mining company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.07). Compañía de Minas Buenaventura S.A.A. had a net margin of 32.40% and a return on equity of 6.15%. The company had revenue of $299.59 million during the quarter, compared to analysts' expectations of $315.77 million. On average, equities analysts forecast 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 firm also recently declared a semi-annual dividend, which will be paid on Monday, May 12th. Shareholders of record on Wednesday, April 16th will be given a dividend of $0.2922 per share. This represents a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, April 16th. This is a positive change from Compañía de Minas Buenaventura S.A.A.'s previous semi-annual dividend of $0.07. Compañía de Minas Buenaventura S.A.A.'s payout ratio is 14.81%.

Institutional Investors Weigh In On Compañía de Minas Buenaventura S.A.A.

Several hedge funds have recently made changes to their positions in BVN. SBI Securities Co. Ltd. acquired a new position in shares of Compañía de Minas Buenaventura S.A.A. in the fourth quarter worth $50,000. Barclays PLC grew its position in Compañía de Minas Buenaventura S.A.A. by 37.2% in the 3rd quarter. Barclays PLC now owns 161,288 shares of the mining company's stock worth $2,232,000 after purchasing an additional 43,692 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Compañía de Minas Buenaventura S.A.A. by 212.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,698,044 shares of the mining company's stock worth $23,501,000 after acquiring an additional 1,153,819 shares during the period. Bank of New York Mellon Corp raised its position in Compañía de Minas Buenaventura S.A.A. by 16.7% in the fourth quarter. Bank of New York Mellon Corp now owns 197,202 shares of the mining company's stock worth $2,272,000 after purchasing an additional 28,261 shares in the last quarter. Finally, Matthews International Capital Management LLC bought a new stake in shares of Compañía de Minas Buenaventura S.A.A. in the 4th quarter worth about $290,000.

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.