Tower Research Capital LLC TRC Sells 13,986 Shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)

Tower Research Capital LLC TRC trimmed its position in shares of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) by 88.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,793 shares of the mining company’s stock after selling 13,986 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Compañía de Minas Buenaventura S.A.A. were worth $27,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp bought a new position in shares of Compañía de Minas Buenaventura S.A.A. during the fourth quarter valued at approximately $46,000. GAMMA Investing LLC bought a new stake in Compañía de Minas Buenaventura S.A.A. in the fourth quarter worth $58,000. Blue Trust Inc. grew its stake in shares of Compañía de Minas Buenaventura S.A.A. by 249.1% in the fourth quarter. Blue Trust Inc. now owns 8,081 shares of the mining company’s stock worth $123,000 after acquiring an additional 5,766 shares during the last quarter. Barclays PLC grew its position in Compañía de Minas Buenaventura S.A.A. by 24,960.6% during the 3rd quarter. Barclays PLC now owns 8,270 shares of the mining company’s stock valued at $70,000 after purchasing an additional 8,237 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in Compañía de Minas Buenaventura S.A.A. during the 4th quarter valued at about $174,000.

Compañía de Minas Buenaventura S.A.A. Stock Up 1.0 %

Compañía de Minas Buenaventura S.A.A. stock traded up $0.17 during midday trading on Friday, reaching $16.88. 602,431 shares of the company traded hands, compared to its average volume of 1,382,458. Compañía de Minas Buenaventura S.A.A. has a 12 month low of $6.45 and a 12 month high of $17.86. The company has a quick ratio of 1.14, a current ratio of 1.32 and a debt-to-equity ratio of 0.21. The business has a 50 day moving average of $16.30 and a two-hundred day moving average of $13.60.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last released its quarterly earnings results on Monday, April 29th. The mining company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.13. Compañía de Minas Buenaventura S.A.A. had a return on equity of 0.76% and a net margin of 1.91%. The firm had revenue of $246.80 million for the quarter, compared to the consensus estimate of $171.25 million. Analysts anticipate that Compañía de Minas Buenaventura S.A.A. will post 1 earnings per share for the current year.

Compañía de Minas Buenaventura S.A.A. Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 18th will be given a dividend of $0.0726 per share. This represents a dividend yield of 0.5%. The ex-dividend date is Wednesday, April 17th. Compañía de Minas Buenaventura S.A.A.’s payout ratio is currently 116.69%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BVN. Scotiabank upped their target price on shares of Compañía de Minas Buenaventura S.A.A. from $13.00 to $15.00 and gave the stock a “sector underperform” rating in a research note on Wednesday. StockNews.com raised Compañía de Minas Buenaventura S.A.A. from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Morgan Stanley downgraded Compañía de Minas Buenaventura S.A.A. from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 12th.

Compañía de Minas Buenaventura S.A.A. Company 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.