Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Trading 5% Higher – Time to Buy?

Shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) were up 5% on Wednesday . The company traded as high as $13.70 and last traded at $13.58. Approximately 554,534 shares were traded during trading, a decline of 53% from the average daily volume of 1,192,115 shares. The stock had previously closed at $12.94.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Compañía de Minas Buenaventura S.A.A. from a “buy” rating to a “hold” rating in a research note on Monday, February 24th.

Compañía de Minas Buenaventura S.A.A. Stock Up 5.8 %

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 $3.76 billion, a P/E ratio of 10.51 and a beta of 0.37. The company’s 50 day moving average price is $13.91 and its two-hundred day moving average price is $13.18.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last released its quarterly earnings results on Thursday, February 20th. The mining company reported $0.13 earnings per share 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 business had revenue of $299.59 million during the quarter, compared to the consensus estimate of $315.77 million. Equities analysts forecast 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 company also recently announced a semi-annual dividend, which will be paid on Monday, May 12th. Investors of record on Wednesday, April 16th will be issued a $0.2922 dividend. This represents a yield of 0.5%. This is a positive change from Compañía de Minas Buenaventura S.A.A.’s previous semi-annual dividend of $0.07. The ex-dividend date of this dividend is Wednesday, April 16th. Compañía de Minas Buenaventura S.A.A.’s dividend payout ratio is currently 22.15%.

Institutional Investors Weigh In On Compañía de Minas Buenaventura S.A.A.

A number of institutional investors have recently bought and sold shares of BVN. SBI Securities Co. Ltd. bought a new position in Compañía de Minas Buenaventura S.A.A. in the 4th quarter worth approximately $50,000. Barclays PLC boosted 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 acquiring an additional 43,692 shares during the last quarter. JPMorgan Chase & Co. grew its stake in 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 valued at $23,501,000 after acquiring an additional 1,153,819 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Compañía de Minas Buenaventura S.A.A. in the 3rd quarter valued at $153,000. Finally, HighTower Advisors LLC purchased a new stake in Compañía de Minas Buenaventura S.A.A. in the 3rd quarter worth $341,000.

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.