Tidal Investments LLC Has $38.39 Million Position in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)

Tidal Investments LLC boosted its stake in shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) by 56.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,332,263 shares of the mining company’s stock after purchasing an additional 1,204,879 shares during the quarter. Tidal Investments LLC’s holdings in Compañía de Minas Buenaventura S.A.A. were worth $38,388,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BVN. SBI Securities Co. Ltd. acquired a new stake in shares of Compañía de Minas Buenaventura S.A.A. in the fourth quarter valued at $50,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Compañía de Minas Buenaventura S.A.A. by 41.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,752 shares of the mining company’s stock valued at $58,000 after buying an additional 1,389 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Compañía de Minas Buenaventura S.A.A. in the fourth quarter valued at $63,000. R Squared Ltd acquired a new stake in shares of Compañía de Minas Buenaventura S.A.A. in the fourth quarter valued at $74,000. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Compañía de Minas Buenaventura S.A.A. by 8.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 10,977 shares of the mining company’s stock valued at $126,000 after buying an additional 867 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BVN. Scotiabank raised their target price 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 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, May 1st.

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

Shares of NYSE:BVN opened at $14.48 on Friday. The business has a fifty day moving average of $14.65 and a 200-day moving average of $13.35. The firm has a market cap of $3.67 billion, a PE ratio of 10.27 and a beta of 0.42. Compañía de Minas Buenaventura S.A.A. has a twelve month low of $11.50 and a twelve month high of $18.84. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.64 and a current ratio of 1.82.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last posted its quarterly earnings results on Thursday, February 20th. The mining company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 32.40% and a return on equity of 6.15%. On average, equities research 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 company also recently declared a semi-annual dividend, which was paid on Monday, May 12th. Investors of record on Wednesday, April 16th were issued a $0.2922 dividend. This is a boost from Compañía de Minas Buenaventura S.A.A.’s previous semi-annual dividend of $0.07. The ex-dividend date of this dividend was Wednesday, April 16th. This represents a yield of 0.5%. Compañía de Minas Buenaventura S.A.A.’s dividend payout ratio (DPR) 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.