Northern Trust Corp Acquires 633,793 Shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)

Northern Trust Corp boosted its holdings in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN - Free Report) by 105.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,235,916 shares of the mining company's stock after purchasing an additional 633,793 shares during the period. Northern Trust Corp owned about 0.49% of Compañía de Minas Buenaventura S.A.A. worth $14,238,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in Compañía de Minas Buenaventura S.A.A. in the fourth quarter valued at $50,000. Barclays PLC grew its position in Compañía de Minas Buenaventura S.A.A. by 37.2% in the third quarter. Barclays PLC now owns 161,288 shares of the mining company's stock valued at $2,232,000 after purchasing an additional 43,692 shares in the last quarter. Bank of New York Mellon Corp grew its position in Compañía de Minas Buenaventura S.A.A. by 16.7% in the fourth quarter. Bank of New York Mellon Corp now owns 197,202 shares of the mining company's stock valued at $2,272,000 after purchasing an additional 28,261 shares in the last quarter. Matthews International Capital Management LLC bought a new position in Compañía de Minas Buenaventura S.A.A. in the fourth quarter valued at $290,000. Finally, Natixis Advisors LLC bought a new position in Compañía de Minas Buenaventura S.A.A. in the fourth quarter valued at $248,000.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. StockNews.com raised shares of 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 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 report on Monday, April 14th.

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

Shares of BVN stock opened at $14.51 on Friday. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 10.29 and a beta of 0.42. 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 50-day simple moving average of $14.63 and a 200 day simple 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 announced its earnings results on Thursday, February 20th. The mining company reported $0.13 EPS for the quarter, missing the consensus estimate 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 company had revenue of $299.59 million for the quarter, compared to the consensus estimate of $315.77 million. On average, sell-side analysts predict that Compañía de Minas Buenaventura S.A.A. will post 1.13 earnings per share for the current year.

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. Investors of record on Wednesday, April 16th were issued a dividend of $0.2922 per share. 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. This represents a dividend yield of 0.5%. Compañía de Minas Buenaventura S.A.A.'s payout ratio is 14.81%.

Compañía de Minas Buenaventura S.A.A. Profile

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.

Want to see what other hedge funds are holding BVN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Compañía de Minas Buenaventura S.A.A. (NYSE:BVN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.