Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.77 and traded as high as $16.89. Compañía de Minas Buenaventura S.A.A. shares last traded at $16.79, with a volume of 570,056 shares changing hands.

Analyst Ratings Changes

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

Compañía de Minas Buenaventura S.A.A. Stock Up 0.4%

The firm has a market capitalization of $4.28 billion, a price-to-earnings ratio of 11.97 and a beta of 0.42. The business's 50-day moving average is $14.98 and its two-hundred day moving average is $13.83. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.64 and a current ratio of 1.82.

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

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

Institutional Trading of Compañía de Minas Buenaventura S.A.A.

A number of hedge funds have recently modified their holdings of the company. FIL Ltd raised its holdings in Compañía de Minas Buenaventura S.A.A. by 810.7% during the 4th quarter. FIL Ltd now owns 2,635,020 shares of the mining company's stock worth $30,355,000 after buying an additional 2,345,676 shares during the period. Canada Pension Plan Investment Board acquired a new stake in Compañía de Minas Buenaventura S.A.A. during the 4th quarter worth approximately $25,970,000. Helikon Investments Ltd acquired a new stake in Compañía de Minas Buenaventura S.A.A. during the 1st quarter worth approximately $26,686,000. Tidal Investments LLC raised its holdings in Compañía de Minas Buenaventura S.A.A. by 56.6% during the 4th quarter. Tidal Investments LLC now owns 3,332,263 shares of the mining company's stock worth $38,388,000 after buying an additional 1,204,879 shares during the period. Finally, Northern Trust Corp raised its holdings in Compañía de Minas Buenaventura S.A.A. by 105.3% during the 4th quarter. Northern Trust Corp now owns 1,235,916 shares of the mining company's stock worth $14,238,000 after buying an additional 633,793 shares during the period.

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.