Massachusetts Financial Services Co. MA decreased its holdings in shares of Compania de Minas Buenaventura SAA (NYSE:BVN) by 7.4% in the 3rd quarter, Holdings Channel reports. The firm owned 62,389 shares of the mining company’s stock after selling 4,987 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Compania de Minas Buenaventura SAA were worth $836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in BVN. BlackRock Inc. grew its position in shares of Compania de Minas Buenaventura SAA by 5.0% during the second quarter. BlackRock Inc. now owns 14,783,517 shares of the mining company’s stock worth $201,497,000 after acquiring an additional 701,047 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Compania de Minas Buenaventura SAA by 12.8% during the second quarter. Van ECK Associates Corp now owns 14,681,652 shares of the mining company’s stock worth $200,111,000 after acquiring an additional 1,671,451 shares during the last quarter. FMR LLC grew its position in shares of Compania de Minas Buenaventura SAA by 19.1% during the second quarter. FMR LLC now owns 10,872,725 shares of the mining company’s stock worth $148,195,000 after acquiring an additional 1,741,425 shares during the last quarter. Compass Group LLC grew its position in shares of Compania de Minas Buenaventura SAA by 56.0% during the second quarter. Compass Group LLC now owns 1,497,671 shares of the mining company’s stock worth $20,398,000 after acquiring an additional 537,731 shares during the last quarter. Finally, Legal & General Group Plc grew its position in shares of Compania de Minas Buenaventura SAA by 11.0% during the second quarter. Legal & General Group Plc now owns 1,323,557 shares of the mining company’s stock worth $18,040,000 after acquiring an additional 131,206 shares during the last quarter. Hedge funds and other institutional investors own 51.46% of the company’s stock.

Several equities analysts have recently commented on BVN shares. ValuEngine lowered shares of Compania de Minas Buenaventura SAA from a “buy” rating to a “hold” rating in a research report on Monday, October 8th. Scotiabank restated a “hold” rating and set a $16.00 price target on shares of Compania de Minas Buenaventura SAA in a research report on Tuesday, July 17th. Finally, Zacks Investment Research upgraded shares of Compania de Minas Buenaventura SAA from a “sell” rating to a “hold” rating in a research report on Tuesday, October 16th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $16.00.

Compania de Minas Buenaventura SAA stock opened at $13.86 on Friday. The stock has a market cap of $3.57 billion, a PE ratio of 37.46 and a beta of 0.75. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.88 and a quick ratio of 1.56. Compania de Minas Buenaventura SAA has a one year low of $11.67 and a one year high of $16.80.

Compania de Minas Buenaventura SAA (NYSE:BVN) last released its quarterly earnings results on Thursday, October 25th. The mining company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.19). The firm had revenue of $271.85 million for the quarter. Compania de Minas Buenaventura SAA had a return on equity of 3.31% and a net margin of 5.28%. Equities research analysts predict that Compania de Minas Buenaventura SAA will post 0.38 EPS for the current year.

The business also recently disclosed a semiannual dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 16th will be issued a $0.06 dividend. The ex-dividend date is Thursday, November 15th. This represents a yield of 0.85%. This is an increase from Compania de Minas Buenaventura SAA’s previous semiannual dividend of $0.02. Compania de Minas Buenaventura SAA’s dividend payout ratio is presently 16.22%.

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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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