Compania de Minas Buenaventura SAA (BVN) Receives $10.97 Average PT from Brokerages

Shares of Compania de Minas Buenaventura SAA (NYSE:BVN) have earned a consensus recommendation of “Buy” from the five analysts that are currently covering the stock. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $12.50.

Separately, Zacks Investment Research upgraded shares of Compania de Minas Buenaventura SAA from a “strong sell” rating to a “hold” rating in a research report on Monday, March 13th.

Hedge funds have recently bought and sold shares of the company. Bank of Montreal Can increased its stake in Compania de Minas Buenaventura SAA by 22.1% in the third quarter. Bank of Montreal Can now owns 194,453 shares of the mining company’s stock valued at $2,691,000 after buying an additional 35,138 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in Compania de Minas Buenaventura SAA by 25.8% in the third quarter. Great West Life Assurance Co. Can now owns 77,508 shares of the mining company’s stock valued at $1,071,000 after buying an additional 15,900 shares in the last quarter. Marathon Asset Management LLP increased its stake in Compania de Minas Buenaventura SAA by 11.8% in the third quarter. Marathon Asset Management LLP now owns 998,046 shares of the mining company’s stock valued at $13,813,000 after buying an additional 105,230 shares in the last quarter. Sprott Inc. increased its stake in Compania de Minas Buenaventura SAA by 53.0% in the third quarter. Sprott Inc. now owns 1,425,160 shares of the mining company’s stock valued at $19,724,000 after buying an additional 493,820 shares in the last quarter. Finally, Aperio Group LLC increased its stake in Compania de Minas Buenaventura SAA by 74.1% in the third quarter. Aperio Group LLC now owns 130,694 shares of the mining company’s stock valued at $1,809,000 after buying an additional 55,614 shares in the last quarter. 50.86% of the stock is owned by institutional investors and hedge funds.

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Shares of Compania de Minas Buenaventura SAA (NYSE:BVN) traded down 1.06% during trading on Tuesday, reaching $12.18. The company’s stock had a trading volume of 268,759 shares. The stock’s 50 day moving average price is $12.23 and its 200-day moving average price is $12.39. Compania de Minas Buenaventura SAA has a 12 month low of $8.30 and a 12 month high of $16.45. The firm’s market cap is $3.09 billion.

The firm also recently declared a dividend, which was paid on Tuesday, April 18th. Shareholders of record on Tuesday, April 18th were paid a $0.055 dividend. The ex-dividend date was Thursday, April 13th. This is an increase from Compania de Minas Buenaventura SAA’s previous dividend of $0.01. Compania de Minas Buenaventura SAA’s payout ratio is currently -3.61%.

About Compania de Minas Buenaventura SAA

Compania de Minas Buenaventura SAA. (Buenaventura) is a precious metals company. The Company is engaged in the exploration, mining and processing of gold, silver and other metals in Peru. The Company’s segments include Production and sale of minerals; Exploration and development activities; Construction and engineering services; Energy generation and transmission services; Insurance brokerage; Rental of mining concessions; Holding of investment in shares (mainly in Minera Yanacocha S.R.L.

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