TFG Asset Management GP Ltd Invests $426,000 in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)

TFG Asset Management GP Ltd purchased a new position in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 37,000 shares of the mining company’s stock, valued at approximately $426,000. Compañía de Minas Buenaventura S.A.A. comprises approximately 0.1% of TFG Asset Management GP Ltd’s investment portfolio, making the stock its 22nd largest position.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. FIL Ltd lifted its holdings in Compañía de Minas Buenaventura S.A.A. by 810.7% during the fourth quarter. FIL Ltd now owns 2,635,020 shares of the mining company’s stock worth $30,355,000 after acquiring an additional 2,345,676 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Compañía de Minas Buenaventura S.A.A. in the 4th quarter valued at about $25,970,000. JPMorgan Chase & Co. raised its stake in shares of Compañía de Minas Buenaventura S.A.A. by 23.9% in the 4th quarter. JPMorgan Chase & Co. now owns 2,103,645 shares of the mining company’s stock valued at $24,234,000 after purchasing an additional 405,601 shares during the period. Sagil Capital LLP raised its stake in shares of Compañía de Minas Buenaventura S.A.A. by 35.1% in the 4th quarter. Sagil Capital LLP now owns 1,658,518 shares of the mining company’s stock valued at $19,106,000 after purchasing an additional 430,960 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Compañía de Minas Buenaventura S.A.A. by 105.3% in the 4th quarter. Northern Trust Corp now owns 1,235,916 shares of the mining company’s stock valued at $14,238,000 after purchasing an additional 633,793 shares during the period.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. StockNews.com raised Compañía de Minas Buenaventura S.A.A. from a “hold” rating to a “buy” rating in a research note on Thursday, May 1st. Scotiabank lifted 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 report on Monday, April 14th.

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

NYSE:BVN opened at $14.48 on Friday. 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 stock’s 50-day simple moving average is $14.65 and its 200 day simple moving average is $13.35. The company has a market cap of $3.67 billion, a P/E ratio of 10.27 and a beta of 0.42. 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) last released its 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 company had revenue of $299.59 million during the quarter, compared to analyst estimates 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%. As a group, sell-side 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 was paid on Monday, May 12th. Shareholders 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 an increase from Compañía de Minas Buenaventura S.A.A.’s previous semi-annual dividend of $0.07. Compañía de Minas Buenaventura S.A.A.’s payout ratio is 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.