Today, World Asset Management Inc Buys 1,368 Shares of Compania de Minas Buenaventura SAA (BVN)

Today, World Asset Management Inc Buys 1,368 Shares of Compania de Minas Buenaventura SAA (BVN)

World Asset Management Inc raised its stake in Compania de Minas Buenaventura SAA (NYSE:BVN) by 8.0% during the third quarter, Holdings Channel reports. The institutional investor owned 18,467 shares of the mining company’s stock after buying an additional 1,368 shares during the period. World Asset Management Inc’s holdings in Compania de Minas Buenaventura SAA were worth $256,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Rational Advisors LLC purchased a new position in shares of Compania de Minas Buenaventura SAA during the second quarter valued at $105,000. Global X Management Co. LLC increased its position in shares of Compania de Minas Buenaventura SAA by 7.7% in the second quarter. Global X Management Co. LLC now owns 11,628 shares of the mining company’s stock valued at $139,000 after buying an additional 836 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Compania de Minas Buenaventura SAA during the second quarter valued at $145,000. Timber Hill LLC purchased a new position in shares of Compania de Minas Buenaventura SAA during the second quarter valued at $146,000. Finally, Janus Capital Management LLC purchased a new position in shares of Compania de Minas Buenaventura SAA during the second quarter valued at $177,000. Institutional investors and hedge funds own 50.89% of the company’s stock.

Compania de Minas Buenaventura SAA (NYSE:BVN) traded down 1.17% on Friday, hitting $10.96. 907,148 shares of the stock were exchanged. Compania de Minas Buenaventura SAA has a 52 week low of $3.30 and a 52 week high of $16.45. The company’s market cap is $2.80 billion. The company’s 50-day moving average is $12.47 and its 200-day moving average is $12.64.

Compania de Minas Buenaventura SAA (NYSE:BVN) last announced its earnings results on Friday, October 28th. The mining company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.22. Compania de Minas Buenaventura SAA had a negative net margin of 20.68% and a negative return on equity of 5.78%. The firm had revenue of $269 million for the quarter, compared to the consensus estimate of $262 million. During the same period in the prior year, the business earned ($0.09) EPS. The company’s quarterly revenue was up 27.5% compared to the same quarter last year. On average, analysts predict that Compania de Minas Buenaventura SAA will post $0.66 earnings per share for the current year.

The company also recently announced an annual dividend, which will be paid on Wednesday, December 7th. Investors of record on Thursday, November 10th will be paid a dividend of $0.029 per share. The ex-dividend date of this dividend is Tuesday, November 8th. Compania de Minas Buenaventura SAA’s dividend payout ratio is currently -3.61%.

Several research analysts recently weighed in on the stock. HSBC downgraded shares of Compania de Minas Buenaventura SAA from a “buy” rating to a “hold” rating and set a $15.10 target price for the company. in a research note on Thursday, November 3rd. Zacks Investment Research downgraded shares of Compania de Minas Buenaventura SAA from a “buy” rating to a “hold” rating in a research note on Thursday, October 27th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. Compania de Minas Buenaventura SAA currently has an average rating of “Hold” and a consensus target price of $12.60.

Compania de Minas Buenaventura SAA Company Profile

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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