Stocks: Russell Investments Group Ltd. Increases Stake in Compania de Minas Buenaventura SAA (BVN)

Stocks: Russell Investments Group Ltd. Increases Stake in Compania de Minas Buenaventura SAA (BVN)

Russell Investments Group Ltd. raised its position in Compania de Minas Buenaventura SAA (NYSE:BVN) by 6.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,508,421 shares of the mining company’s stock after buying an additional 91,857 shares during the period. Russell Investments Group Ltd. owned approximately 0.59% of Compania de Minas Buenaventura SAA worth $18,169,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of BVN. OLD Mission Capital LLC acquired a new stake in Compania de Minas Buenaventura SAA during the third quarter worth about $405,000. Prince Street Capital Management LLC boosted its stake in Compania de Minas Buenaventura SAA by 35.5% in the third quarter. Prince Street Capital Management LLC now owns 1,040,700 shares of the mining company’s stock worth $14,403,000 after buying an additional 272,900 shares during the last quarter. Arlington Capital Management Inc. boosted its stake in Compania de Minas Buenaventura SAA by 4.3% in the third quarter. Arlington Capital Management Inc. now owns 1,061,721 shares of the mining company’s stock worth $14,695,000 after buying an additional 44,222 shares during the last quarter. AMP Capital Investors Ltd boosted its stake in Compania de Minas Buenaventura SAA by 2.7% in the third quarter. AMP Capital Investors Ltd now owns 86,737 shares of the mining company’s stock worth $1,202,000 after buying an additional 2,270 shares during the last quarter. Finally, Profund Advisors LLC boosted its stake in Compania de Minas Buenaventura SAA by 40.5% in the third quarter. Profund Advisors LLC now owns 57,213 shares of the mining company’s stock worth $792,000 after buying an additional 16,494 shares during the last quarter. 50.86% of the stock is owned by institutional investors and hedge funds.

Shares of Compania de Minas Buenaventura SAA (NYSE:BVN) opened at 12.53 on Friday. Compania de Minas Buenaventura SAA has a 1-year low of $9.02 and a 1-year high of $16.45. The company’s 50-day moving average price is $12.19 and its 200-day moving average price is $12.30. The company’s market capitalization is $3.18 billion.

The company also recently disclosed a dividend, which was paid on Tuesday, April 18th. Stockholders of record on Tuesday, April 18th were issued a dividend of $0.055 per share. This is an increase from Compania de Minas Buenaventura SAA’s previous dividend of $0.01. The ex-dividend date of this dividend was Thursday, April 13th. Compania de Minas Buenaventura SAA’s payout ratio is currently -3.61%.

Separately, Zacks Investment Research cut Compania de Minas Buenaventura SAA from a “hold” rating to a “sell” rating in a research note on Monday, February 13th.

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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