TFG Asset Management GP Ltd Acquires Shares of 37,000 Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)

TFG Asset Management GP Ltd purchased a new stake in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 37,000 shares of the mining company's stock, valued at approximately $426,000. Compañía de Minas Buenaventura S.A.A. accounts for about 0.1% of TFG Asset Management GP Ltd's investment portfolio, making the stock its 22nd largest holding.

Other institutional investors also recently modified their holdings of the company. FIL Ltd boosted its stake in Compañía de Minas Buenaventura S.A.A. by 810.7% in the 4th quarter. FIL Ltd now owns 2,635,020 shares of the mining company's stock worth $30,355,000 after purchasing an additional 2,345,676 shares during the period. Canada Pension Plan Investment Board bought a new position in shares of Compañía de Minas Buenaventura S.A.A. in the fourth quarter valued at approximately $25,970,000. JPMorgan Chase & Co. grew its stake in Compañía de Minas Buenaventura S.A.A. by 23.9% during the fourth quarter. JPMorgan Chase & Co. now owns 2,103,645 shares of the mining company's stock valued at $24,234,000 after acquiring an additional 405,601 shares in the last quarter. Sagil Capital LLP increased its holdings in Compañía de Minas Buenaventura S.A.A. by 35.1% during the 4th quarter. Sagil Capital LLP now owns 1,658,518 shares of the mining company's stock worth $19,106,000 after acquiring an additional 430,960 shares during the period. Finally, Northern Trust Corp increased 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 acquiring an additional 633,793 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BVN. Wall Street Zen upgraded Compañía de Minas Buenaventura S.A.A. from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Scotiabank lifted their target price 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 report on Monday, April 14th.

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

NYSE BVN traded up $0.34 during trading hours on Friday, reaching $14.91. 133,562 shares of the stock traded hands, compared to its average volume of 1,138,607. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.82 and a quick ratio of 1.64. The stock has a 50 day simple moving average of $14.66 and a two-hundred day simple moving average of $13.40. Compañía de Minas Buenaventura S.A.A. has a 1 year low of $11.50 and a 1 year high of $18.50. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 10.56 and a beta of 0.42.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN - Get Free Report) last released its earnings results on Thursday, February 20th. The mining company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.07). Compañía de Minas Buenaventura S.A.A. had a return on equity of 6.15% and a net margin of 32.40%. The firm had revenue of $299.59 million during the quarter, compared to the consensus estimate of $315.77 million. On average, analysts predict that Compañía de Minas Buenaventura S.A.A. will post 1.13 EPS for the current fiscal year.

Compañía de Minas Buenaventura S.A.A. 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 paid a $0.2922 dividend. The ex-dividend date of this dividend was Wednesday, April 16th. This is an increase from Compañía de Minas Buenaventura S.A.A.'s previous semi-annual dividend of $0.07. This represents a yield of 0.5%. 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.