State of New Jersey Common Pension Fund D Sells 23,178 Shares of Compañía De Minas Buenaventura S.A.A. (NYSE:BVN)

Defense World · May 1, 2023 17:23

State of New Jersey Common Pension Fund D cut its holdings in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN – Get Rating) by 25.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,519 shares of the mining company's stock after selling 23,178 shares during the period. State of New Jersey Common Pension Fund D's holdings in Compañía de Minas Buenaventura S.A.A. were worth $518,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Ronald Blue Trust Inc. increased its position in Compañía de Minas Buenaventura S.A.A. by 171.1% in the 4th quarter. Ronald Blue Trust Inc. now owns 3,811 shares of the mining company's stock valued at $25,000 after buying an additional 2,405 shares in the last quarter. KBC Group NV increased its position in Compañía de Minas Buenaventura S.A.A. by 33.9% in the 3rd quarter. KBC Group NV now owns 6,967 shares of the mining company's stock valued at $47,000 after buying an additional 1,762 shares in the last quarter. Wipfli Financial Advisors LLC bought a new stake in Compañía de Minas Buenaventura S.A.A. in the 3rd quarter valued at about $53,000. Edmond DE Rothschild Holding S.A. increased its position in Compañía de Minas Buenaventura S.A.A. by 22.1% in the 3rd quarter. Edmond DE Rothschild Holding S.A. now owns 8,507 shares of the mining company's stock valued at $57,000 after buying an additional 1,537 shares in the last quarter. Finally, HBK Sorce Advisory LLC bought a new stake in Compañía de Minas Buenaventura S.A.A. in the 3rd quarter valued at about $71,000. 50.50% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Compañía de Minas Buenaventura S.A.A. from a "sell" rating to a "hold" rating in a research report on Saturday, March 25th.

Compañía de Minas Buenaventura S.A.A. Trading Down 6.1 %

BVN stock opened at $7.07 on Monday. The company has a current ratio of 1.63, a quick ratio of 1.40 and a debt-to-equity ratio of 0.22. Compañía de Minas Buenaventura S.A.A. has a 52-week low of $5.09 and a 52-week high of $9.85. The business has a 50-day simple moving average of $7.98 and a two-hundred day simple moving average of $7.77.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN – Get Rating) last released its quarterly earnings results on Tuesday, February 28th. The mining company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.03. The business had revenue of $246.36 million during the quarter, compared to the consensus estimate of $256.47 million. Compañía de Minas Buenaventura S.A.A. had a return on equity of 5.26% and a net margin of 78.07%. Equities analysts forecast that Compañía de Minas Buenaventura S.A.A. will post 0.68 EPS for the current year.

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

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, May 11th. Stockholders of record on Monday, April 24th will be paid a $0.073 dividend. The ex-dividend date of this dividend is Friday, April 21st. This represents a dividend yield of 1%. Compañía de Minas Buenaventura S.A.A.'s payout ratio is presently 2.77%.

Compañía de Minas Buenaventura S.A.A. Company Profile

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Compañía de Minas Buenaventura SAA engages in the development and exploration of mineral properties. It operates through the following segments: Production and Sale of Minerals, Exploration and Development Activitie, Energy Generation and Transmission Services, Insurance Brokerage, Rental of Mining Concessions, Holding of Investments in Shares, and Industrial Activities.

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