Compania de Minas Buenaventura SAA (BVN) Shares Sold by Millennium Management LLC

Millennium Management LLC decreased its position in shares of Compania de Minas Buenaventura SAA (NYSE:BVN) by 58.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 180,410 shares of the mining company’s stock after selling 252,640 shares during the period. Millennium Management LLC owned 0.07% of Compania de Minas Buenaventura SAA worth $2,926,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB acquired a new position in Compania de Minas Buenaventura SAA during the 3rd quarter worth $924,000. Van ECK Associates Corp lifted its position in Compania de Minas Buenaventura SAA by 122.5% during the 4th quarter. Van ECK Associates Corp now owns 34,458,637 shares of the mining company’s stock worth $558,919,000 after acquiring an additional 18,971,580 shares during the last quarter. Morgan Stanley lifted its position in Compania de Minas Buenaventura SAA by 4.3% during the 3rd quarter. Morgan Stanley now owns 1,251,156 shares of the mining company’s stock worth $16,778,000 after acquiring an additional 51,809 shares during the last quarter. Vanguard Group Inc lifted its position in Compania de Minas Buenaventura SAA by 4.1% during the 3rd quarter. Vanguard Group Inc now owns 7,444,281 shares of the mining company’s stock worth $99,828,000 after acquiring an additional 295,174 shares during the last quarter. Finally, Marathon Asset Management LLP lifted its position in Compania de Minas Buenaventura SAA by 2.4% during the 4th quarter. Marathon Asset Management LLP now owns 1,039,435 shares of the mining company’s stock worth $16,859,000 after acquiring an additional 24,516 shares during the last quarter. 60.14% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on BVN. Zacks Investment Research raised shares of Compania de Minas Buenaventura SAA from a “sell” rating to a “hold” rating in a research report on Wednesday. Citigroup set a $20.00 price objective on shares of Compania de Minas Buenaventura SAA and gave the company a “buy” rating in a research report on Thursday, April 4th. JPMorgan Chase & Co. upped their price objective on shares of Compania de Minas Buenaventura SAA from $14.00 to $18.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. Morgan Stanley lowered shares of Compania de Minas Buenaventura SAA from an “overweight” rating to an “equal weight” rating in a research report on Monday, February 25th. Finally, Goldman Sachs Group began coverage on shares of Compania de Minas Buenaventura SAA in a research report on Tuesday, February 19th. They set a “sell” rating for the company. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $18.00.

Shares of BVN opened at $15.95 on Friday. The stock has a market cap of $4.05 billion, a PE ratio of 56.96 and a beta of 0.51. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.91 and a quick ratio of 1.57. Compania de Minas Buenaventura SAA has a 52 week low of $11.67 and a 52 week high of $17.78.

Compania de Minas Buenaventura SAA (NYSE:BVN) last announced its quarterly earnings data on Thursday, February 21st. The mining company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.04). The company had revenue of $256.02 million for the quarter, compared to analyst estimates of $247.38 million. Compania de Minas Buenaventura SAA had a negative net margin of 0.68% and a positive return on equity of 2.36%. Equities analysts predict that Compania de Minas Buenaventura SAA will post 0.64 EPS for the current year.

The business also recently disclosed a semiannual dividend, which will be paid on Friday, May 10th. Stockholders of record on Monday, April 15th will be given a dividend of $0.06 per share. This represents a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, April 12th. Compania de Minas Buenaventura SAA’s dividend payout ratio is currently 37.50%.

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Compania de Minas Buenaventura SAA Profile

Compañía de Minas Buenaventura SAA., a precious metals company, engages in the exploration, mining, and processing of gold, silver, lead, zinc, and copper metals in Peru, the United States, Europe, and Asia. The company operates five operating mining units, including Uchucchacua, Orcopampa, Julcani, Mallay, and Tambomayo in Peru; and San Gabriel, a mining unit under development stage.

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Institutional Ownership by Quarter for Compania de Minas Buenaventura SAA (NYSE:BVN)

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