Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Posts Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) posted its quarterly earnings results on Monday. The mining company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.11 by $0.13, reports. The business had revenue of $246.80 million during the quarter, compared to analysts’ expectations of $171.25 million. Compañía de Minas Buenaventura S.A.A. had a net margin of 2.41% and a return on equity of 0.84%.

Compañía de Minas Buenaventura S.A.A. Stock Down 1.4 %

BVN traded down $0.25 during midday trading on Wednesday, hitting $17.05. 16,209 shares of the company’s stock traded hands, compared to its average volume of 1,520,435. The company has a market cap of $4.33 billion, a PE ratio of 247.43 and a beta of 0.88. The stock’s fifty day simple moving average is $16.19 and its 200-day simple moving average is $13.44. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.31 and a quick ratio of 1.14. Compañía de Minas Buenaventura S.A.A. has a one year low of $6.45 and a one year high of $17.86.

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

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, April 18th will be given a dividend of $0.0726 per share. This represents a yield of 0.5%. The ex-dividend date is Wednesday, April 17th. Compañía de Minas Buenaventura S.A.A.’s payout ratio is presently 100.00%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on BVN shares. Morgan Stanley cut shares of Compañía de Minas Buenaventura S.A.A. from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 12th. Scotiabank raised their price target on shares of Compañía de Minas Buenaventura S.A.A. from $12.50 to $13.00 and gave the stock a “sector underperform” rating in a report on Monday, March 4th.

Hedge Funds Weigh In On Compañía de Minas Buenaventura S.A.A.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC raised its position in shares of Compañía de Minas Buenaventura S.A.A. by 15.5% in the third quarter. Sequoia Financial Advisors LLC now owns 12,033 shares of the mining company’s stock valued at $103,000 after purchasing an additional 1,612 shares during the period. Quadrant Capital Group LLC raised its position in shares of Compañía de Minas Buenaventura S.A.A. by 20.4% in the fourth quarter. Quadrant Capital Group LLC now owns 13,472 shares of the mining company’s stock valued at $205,000 after purchasing an additional 2,281 shares during the period. Shell Asset Management Co. raised its position in shares of Compañía de Minas Buenaventura S.A.A. by 14.7% in the third quarter. Shell Asset Management Co. now owns 20,284 shares of the mining company’s stock valued at $173,000 after purchasing an additional 2,600 shares during the period. Fifth Third Bancorp bought a new position in shares of Compañía de Minas Buenaventura S.A.A. in the fourth quarter valued at approximately $46,000. Finally, GAMMA Investing LLC bought a new position in shares of Compañía de Minas Buenaventura S.A.A. in the fourth quarter valued at approximately $58,000.

About Compañía de Minas Buenaventura S.A.A.

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.