Hsbc Holdings PLC Buys 22,548 Shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)

Hsbc Holdings PLC grew its stake in shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) by 29.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 98,232 shares of the mining company’s stock after purchasing an additional 22,548 shares during the period. Hsbc Holdings PLC’s holdings in Compañía de Minas Buenaventura S.A.A. were worth $1,136,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new position in Compañía de Minas Buenaventura S.A.A. during the 4th quarter worth approximately $50,000. Barclays PLC raised its position in shares of Compañía de Minas Buenaventura S.A.A. by 37.2% during the third quarter. Barclays PLC now owns 161,288 shares of the mining company’s stock worth $2,232,000 after purchasing an additional 43,692 shares during the period. JPMorgan Chase & Co. raised its position in shares of Compañía de Minas Buenaventura S.A.A. by 212.0% during the third quarter. JPMorgan Chase & Co. now owns 1,698,044 shares of the mining company’s stock worth $23,501,000 after purchasing an additional 1,153,819 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Compañía de Minas Buenaventura S.A.A. by 16.7% in the 4th quarter. Bank of New York Mellon Corp now owns 197,202 shares of the mining company’s stock worth $2,272,000 after purchasing an additional 28,261 shares in the last quarter. Finally, Matthews International Capital Management LLC acquired a new stake in Compañía de Minas Buenaventura S.A.A. in the 4th quarter valued at $290,000.

Analyst Ratings Changes

BVN has been the topic of a number of recent research reports. Scotiabank raised 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 note on Monday, April 14th. StockNews.com upgraded Compañía de Minas Buenaventura S.A.A. from a “hold” rating to a “buy” rating in a research note on Thursday.

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

Shares of NYSE:BVN opened at $14.39 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.64 and a debt-to-equity ratio of 0.07. The stock has a market cap of $3.65 billion, a PE ratio of 10.21 and a beta of 0.37. The stock’s fifty day simple moving average is $14.34 and its two-hundred day simple moving average is $13.26. Compañía de Minas Buenaventura S.A.A. has a 1-year low of $11.50 and a 1-year high of $18.84.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last issued its quarterly earnings data 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 firm had revenue of $299.59 million during the quarter, compared to the consensus estimate of $315.77 million. Compañía de Minas Buenaventura S.A.A. had a return on equity of 6.15% and a net margin of 32.40%. As a group, analysts forecast 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 will be paid on Monday, May 12th. Investors of record on Wednesday, April 16th will be issued a dividend of $0.2922 per share. This is a positive change from Compañía de Minas Buenaventura S.A.A.’s previous semi-annual dividend of $0.07. This represents a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, April 16th. Compañía de Minas Buenaventura S.A.A.’s dividend payout ratio (DPR) is 17.72%.

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.