Buenaventura Mining Company Inc. (NYSE:BVN) Shares Purchased by Matthews International Capital Management LLC

Matthews International Capital Management LLC boosted its holdings in Buenaventura Mining Company Inc. (NYSE:BVN) by 26.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 31,757 shares of the mining company’s stock after buying an additional 6,558 shares during the quarter. Matthews International Capital Management LLC’s holdings in Buenaventura Mining were worth $496,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. QRG Capital Management Inc. acquired a new position in Buenaventura Mining in the first quarter valued at $184,000. Tobam increased its stake in Buenaventura Mining by 37.2% in the first quarter. Tobam now owns 12,480 shares of the mining company’s stock valued at $195,000 after purchasing an additional 3,386 shares during the last quarter. GAMMA Investing LLC increased its stake in Buenaventura Mining by 17.1% during the first quarter. GAMMA Investing LLC now owns 11,382 shares of the mining company’s stock worth $178,000 after acquiring an additional 1,665 shares during the last quarter. Polunin Capital Partners Ltd acquired a new stake in Buenaventura Mining during the first quarter worth about $7,804,000. Finally, PKO Investment Management Joint Stock Co acquired a new stake in Buenaventura Mining during the fourth quarter worth about $1,405,000.

Buenaventura Mining Stock Performance

Shares of NYSE:BVN opened at $16.54 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.75 and a quick ratio of 1.58. Buenaventura Mining Company Inc. has a 12 month low of $11.50 and a 12 month high of $17.73. The firm has a market capitalization of $4.20 billion, a PE ratio of 8.75 and a beta of 0.42. The business has a 50-day moving average of $15.15 and a two-hundred day moving average of $13.90.

Buenaventura Mining Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, May 12th. Stockholders of record on Wednesday, April 16th were paid a $0.2922 dividend. The ex-dividend date was Wednesday, April 16th. This represents a dividend yield of 0.5%. This is a positive change from Buenaventura Mining’s previous semi-annual dividend of $0.07. Buenaventura Mining’s dividend payout ratio (DPR) is 14.81%.

Analyst Upgrades and Downgrades

BVN has been the subject of several research analyst reports. Wall Street Zen upgraded Buenaventura Mining from a “hold” rating to a “buy” rating in a research note on Thursday, May 1st. Scotiabank upped their price target on Buenaventura Mining from $15.00 to $15.50 and gave the stock a “sector perform” rating in a research note on Monday, April 14th.

Buenaventura Mining 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.