Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Shares Up 7.3% - Here's Why

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN - Get Free Report)'s share price traded up 7.3% during trading on Monday . The stock traded as high as $16.15 and last traded at $16.08. 2,140,747 shares traded hands during mid-day trading, an increase of 92% from the average session volume of 1,116,584 shares. The stock had previously closed at $14.98.

Wall Street Analyst Weigh In

BVN has been the topic of a number of research reports. Wall Street Zen raised shares of Compañía de Minas Buenaventura S.A.A. from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Scotiabank raised their price objective 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 research note on Monday, April 14th.

Compañía de Minas Buenaventura S.A.A. Price Performance

The company's 50 day moving average price is $14.63 and its 200 day moving average price is $13.58. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.64 and a current ratio of 1.82. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 11.47 and a beta of 0.42.

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

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

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

Large investors have recently made changes to their positions in the stock. FIL Ltd boosted its holdings in shares of 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 bought a new stake in shares of Compañía de Minas Buenaventura S.A.A. in the fourth quarter worth $25,970,000. Helikon Investments Ltd acquired a new position in shares of Compañía de Minas Buenaventura S.A.A. in the 1st quarter worth approximately $26,686,000. Tidal Investments LLC grew its stake in Compañía de Minas Buenaventura S.A.A. by 56.6% during the fourth quarter. Tidal Investments LLC now owns 3,332,263 shares of the mining company's stock worth $38,388,000 after purchasing an additional 1,204,879 shares during the period. Finally, Northern Trust Corp increased its stake in Compañía de Minas Buenaventura S.A.A. by 105.3% in the fourth quarter. Northern Trust Corp now owns 1,235,916 shares of the mining company's stock valued at $14,238,000 after purchasing an additional 633,793 shares in the last quarter.

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.