PKO Investment Management Joint Stock Co decreased its holdings in shares of Buenaventura Mining Company Inc. (NYSE:BVN - Free Report) by 16.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 101,942 shares of the mining company's stock after selling 20,000 shares during the period. PKO Investment Management Joint Stock Co's holdings in Buenaventura Mining were worth $1,593,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of BVN. SBI Securities Co. Ltd. acquired a new position in shares of Buenaventura Mining in the 4th quarter valued at about $50,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Buenaventura Mining in the fourth quarter worth about $63,000. Sequoia Financial Advisors LLC lifted its holdings in Buenaventura Mining by 8.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 10,977 shares of the mining company's stock worth $126,000 after acquiring an additional 867 shares during the last quarter. Voya Investment Management LLC acquired a new position in Buenaventura Mining in the fourth quarter valued at approximately $144,000. Finally, Bridgefront Capital LLC bought a new position in shares of Buenaventura Mining during the fourth quarter valued at approximately $158,000.
Buenaventura Mining Stock Performance
Buenaventura Mining stock traded down $0.41 during midday trading on Friday, reaching $16.16. 1,844,201 shares of the stock traded hands, compared to its average volume of 1,140,063. Buenaventura Mining Company Inc. has a fifty-two week low of $11.50 and a fifty-two week high of $17.73. The company has a current ratio of 1.75, a quick ratio of 1.58 and a debt-to-equity ratio of 0.17. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 8.55 and a beta of 0.42. The firm has a fifty day moving average price of $15.20 and a two-hundred day moving average price of $13.93.
Buenaventura Mining Increases Dividend
The firm also recently declared a semi-annual dividend, which was paid on Monday, May 12th. Shareholders of record on Wednesday, April 16th were given a dividend of $0.2922 per share. This represents a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, April 16th. This is a positive change from Buenaventura Mining's previous semi-annual dividend of $0.07. Buenaventura Mining's payout ratio is 14.81%.
Analyst Ratings Changes
Several brokerages recently issued reports on BVN. Wall Street Zen raised Buenaventura Mining from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Scotiabank increased their target price on Buenaventura Mining from $15.00 to $15.50 and gave the stock a "sector perform" rating in a research report on Monday, April 14th.
Get Our Latest Research Report on Buenaventura Mining
Buenaventura Mining Company Profile
(
Free Report)
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.
Further Reading
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