Bank of America Corp DE Lowers Holdings in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)

Bank of America Corp DE cut its stake in shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN - Free Report) by 37.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 537,726 shares of the mining company's stock after selling 317,308 shares during the quarter. Bank of America Corp DE owned about 0.21% of Compañía de Minas Buenaventura S.A.A. worth $6,195,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of BVN. SBI Securities Co. Ltd. bought a new position in shares of Compañía de Minas Buenaventura S.A.A. during the fourth quarter valued at $50,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Compañía de Minas Buenaventura S.A.A. by 41.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,752 shares of the mining company's stock worth $58,000 after buying an additional 1,389 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Compañía de Minas Buenaventura S.A.A. in the 4th quarter worth about $63,000. R Squared Ltd bought a new stake in Compañía de Minas Buenaventura S.A.A. in the 4th quarter worth about $74,000. Finally, Sequoia Financial Advisors LLC increased its holdings in Compañía de Minas Buenaventura S.A.A. by 8.6% in the 4th quarter. Sequoia Financial Advisors LLC now owns 10,977 shares of the mining company's stock worth $126,000 after buying an additional 867 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Scotiabank lifted their price objective on Compañía de Minas Buenaventura S.A.A. from $15.00 to $15.50 and gave the stock a "sector perform" rating in a report on Monday, April 14th. Wall Street Zen upgraded 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. Stock Performance

Shares of Compañía de Minas Buenaventura S.A.A. stock traded down $0.07 during trading hours on Friday, reaching $14.96. 1,195,889 shares of the stock traded hands, compared to its average volume of 1,112,411. The company has a 50 day moving average price of $14.60 and a 200 day moving average price of $13.51. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 10.61 and a beta of 0.42. Compañía de Minas Buenaventura S.A.A. has a one year low of $11.50 and a one year high of $17.98. The company has a quick ratio of 1.64, a current ratio of 1.82 and a debt-to-equity ratio of 0.07.

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

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.