Moore Capital Management LP Makes New Investment in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)

Moore Capital Management LP acquired a new position in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 499,346 shares of the mining company's stock, valued at approximately $5,752,000. Moore Capital Management LP owned approximately 0.20% of Compañía de Minas Buenaventura S.A.A. at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BVN. Barclays PLC grew its holdings in Compañía de Minas Buenaventura S.A.A. by 37.2% in the 3rd quarter. Barclays PLC now owns 161,288 shares of the mining company's stock worth $2,232,000 after acquiring an additional 43,692 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Compañía de Minas Buenaventura S.A.A. by 7.7% during the fourth quarter. SG Americas Securities LLC now owns 21,600 shares of the mining company's stock worth $249,000 after purchasing an additional 1,543 shares during the period. Blue Trust Inc. boosted its holdings in shares of Compañía de Minas Buenaventura S.A.A. by 20.9% during the fourth quarter. Blue Trust Inc. now owns 55,843 shares of the mining company's stock worth $643,000 after purchasing an additional 9,666 shares during the period. Matthews International Capital Management LLC purchased a new stake in shares of Compañía de Minas Buenaventura S.A.A. during the fourth quarter worth about $290,000. Finally, R Squared Ltd bought a new position in Compañía de Minas Buenaventura S.A.A. during the 4th quarter valued at approximately $74,000.

Compañía de Minas Buenaventura S.A.A. Trading Down 0.1%

BVN traded down $0.02 during midday trading on Friday, reaching $14.48. 819,042 shares of the company's stock traded hands, compared to its average volume of 1,185,492. 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 market capitalization of $3.67 billion, a price-to-earnings ratio of 10.27 and a beta of 0.42. The firm has a fifty day moving average of $14.63 and a two-hundred day moving average of $13.34. Compañía de Minas Buenaventura S.A.A. has a 52 week low of $11.50 and a 52 week high of $18.84.

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

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

The business also recently disclosed a semi-annual dividend, which was paid on Monday, May 12th. Investors 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 was Wednesday, April 16th. This is a positive change from Compañía de Minas Buenaventura S.A.A.'s previous semi-annual dividend of $0.07. Compañía de Minas Buenaventura S.A.A.'s dividend payout ratio (DPR) is 14.81%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Scotiabank upped their price target on 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. StockNews.com raised Compañía de Minas Buenaventura S.A.A. from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st.

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.